August 19, 2010
The Council of Mortgage Lenders (CML) has today reported a further rise in mortgage lending.
According to the CML, the amount of money lent in new mortgages totalled £13.6 billion in July - a 5% rise compared with June.
However, ...
Mortgage lending continues to rise but experts remain cautious
Permalink: Mortgage lending continues to rise but experts remain cautious
by Kay Murchie
August 12, 2010
The Council of Mortgage Lenders (CML) has today reported a further fall in repossessions - the third consecutive quarter in which they have fallen.
According to the Council, lenders seized 9,400 properties in the April to June period - 400 less than ...
CML reports further fall in repossessions
Permalink: CML reports further fall in repossessions
by Kay Murchie
August 11, 2010
Despite the doom and gloom surrounding the housing market currently, there is some positive news from the Council of Mortgage Lenders (CML).
According to the CML, 52,000 new loans were granted to home buyers in June - 19% higher than ...
Mortgage lending improves in June but CML cautious
Permalink: Mortgage lending improves in June but CML cautious
by Kay Murchie
August 9, 2010
According to KPMG’s fraud barometer, mortgage fraud soared in the first six months of 2010 - reaching a 22-year high.
The accountancy firm said there were 21 cases of mortgage fraud in the first six months of the year totalling ...
Mortgage fraud cases increase in first half
Permalink: Mortgage fraud cases increase in first half
by Kay Murchie
August 6, 2010
The Home Builders Federation (HBF) is calling on the Government to help first-time buyers.
The request comes at a time when first-time buyer numbers are at their lowest in 35 years.
The HBF is asking the Government not to scrap schemes ...
HBF urges further funding for HomeBuy Direct scheme
Permalink: HBF urges further funding for HomeBuy Direct scheme
by Kay Murchie
August 2, 2010
In order to secure a mortgage, buyers still require a hefty deposit, according to the financial information service, Moneyfacts.
Since the credit crunch three years ago, lending criteria has tightened and first-time buyers, in particular, have struggling to get a foot ...
Research finds buyers still need large deposit
Permalink: Research finds buyers still need large deposit
by Kay Murchie
July 29, 2010
The Bank of England has today revealed mortgage approvals fell in June - more than expected, fuelling recent reports that the housing market will be subdued for the remainder of the year.
According to the Bank, mortgage approvals for the month fell ...
BoE: Mortgage approvals continue to fall
Permalink: BoE: Mortgage approvals continue to fall
by Kay Murchie
July 23, 2010
The British Bankers’ Association (BBA) has today revealed a slight dip in the number of new mortgages approved by the major banks in June.
According to the BBA, mortgage approvals for the month stood at 34,813, down from May's ...
BBA reports slight fall in June mortgage lending
Permalink: BBA reports slight fall in June mortgage lending
by Kay Murchie
July 21, 2010
HM Revenue & Customs (HMRC) has revealed a rise in the number of homes sold in June in the UK.
According to HMRC, 86,000 homes worth at least £40,000 or more were sold in the month, a rise of 21% on May’s ...
HMRC: House sales rise in June
Permalink: HMRC: House sales rise in June
by Kay Murchie
July 20, 2010
The Council of Mortgage Lenders (CML) has today revealed a rise in mortgage lending for the month of June - recovering to a six-month high.
According to the CML, gross mortgage lending rose by 15% during the month to £13.1 billion - ...
CML: Mortgage lending recovers in June
Permalink: CML: Mortgage lending recovers in June
by Kay Murchie
Government reviews mortgage rescue schemes
Permalink: Government reviews mortgage rescue schemes
by Kay Murchie
July 13, 2010
Financial watchdog, the Financial Services Authority (FSA), has announced plans to encourage responsible lending, in a bid to prevent reckless borrowing.
Last October, the FSA proposed affordability tests for all mortgages to ensure that lenders get "back to the basics of responsible lending".
It also ...
FSA encourages responsible lending
Permalink: FSA encourages responsible lending
by Kay Murchie
July 8, 2010
The Bank of England’s (BoE) Monetary Policy Committee (MPC) has today elected to keep UK interest rates on hold at the historically low level of 0.5% for the 17th consecutive month, as widely expected.
The news to leave interest rates at this ...
BoE keeps interest rates on hold
Permalink: BoE keeps interest rates on hold
by Kay Murchie
July 7, 2010
A report by charity, Age UK, has revealed some pensioners are cashing in on the value of their property to pay off debts or fund a more comfortable retirement.
The findings are from a report called “Housing ...
Report reveals pensioners using equity release to pay off debt
Permalink: Report reveals pensioners using equity release to pay off debt
by Kay Murchie
Survey shows lack of mortgages are threat to housing market
Permalink: Survey shows lack of mortgages are threat to housing market
by Kay Murchie
July 2, 2010
A report by the Bank of England has revealed fresh concern over mortgage lending.
In its latest Credit Conditions Survey covering the three months to early June 2010, the Bank of England said the wholesale money markets that fund the lenders is ...
Lending criteria set to tighten further
Permalink: Lending criteria set to tighten further
by Kay Murchie
June 29, 2010
The Bank of England has today revealed mortgage approvals fell in May, suggesting the housing market will be subdued for the remainder of the year.
According to the Bank, mortgage approvals for the month stood at 49,815, a fraction below ...
BoE: May mortgage approvals fail to pick up
Permalink: BoE: May mortgage approvals fail to pick up
by Kay Murchie
June 27, 2010
City watchdog, the Financial Services Authority (FSA), has unveiled new measures which will help struggling homeowners avoid repossession.
The FSA said new measures will be introduced from the end of this month to help borrowers who have fallen behind on their ...
New protection for homeowners unveiled by FSA
Permalink: New protection for homeowners unveiled by FSA
by Kay Murchie
June 23, 2010
The British Bankers’ Association (BBA) has today revealed a rise in the number of new mortgages approved by the major banks in May.
According to the BBA, mortgage approvals for the month stood at 36,709 - up 2% compared with ...
BBA finally sees evidence of spring bounce
Permalink: BBA finally sees evidence of spring bounce
by Kay Murchie
June 18, 2010
The Council of Mortgage Lenders (CML) has today revealed a 7% rise in mortgage lending for the month of May compared with the previous month, totalling £11.3 billion.
The figure is up from the £10.5 billion in April and 10% higher ...
CML expects mortgage lending to remain subdued
Permalink: CML expects mortgage lending to remain subdued
by Kay Murchie