Tag: Council of Mortgage Lenders

CML: Mortgage lending edges higher in July

CML: Mortgage lending edges higher in July

The Council of Mortgage Lenders (CML) has reported the number of loans for house purchase rose in July. According to the Council, there were 48,400 loans advanced for house purchase in the month – up by 1,000 from June’s figure but almost 7,000 lower when compared with July 2010. Commenting on today’s figures, Paul Smee, [...]

September 13, 2011 | 0 Comments More
CML reports drop in repossessions in Q2

CML reports drop in repossessions in Q2

The Council of Mortgage Lenders (CML) has today reported a fall in home repossessions. According to the Council, lenders seized 9,000 properties in the April to June period – 100 less when compared with the first three months of the year. Meanwhile, there were 18,100 repossessions in the first half of 2011, compared with compared [...]

August 11, 2011 | 0 Comments More
CML: Mortgage lending up in June

CML: Mortgage lending up in June

The Council of Mortgage Lenders (CML) has today reported the number of loans for house purchase rose in June. According to the Council, there were 46,700 loans advanced for house purchase in the month – a rise of 22% compared with the previous month but 11% lower on an annual basis. However, despite the annual [...]

August 10, 2011 | 0 Comments More
More than 800,000 stuck in negative equity

More than 800,000 stuck in negative equity

A report by the Council of Mortgage Lenders (CML) has revealed 827,000 mortgage borrowers are in negative equity (a mortgage worth more than their property). However, the figures which relate to the first quarter of the year, are not as bad as they were in the early 1990s, when around 1.6 million households were trapped [...]

August 9, 2011 | 0 Comments More
CML: Mortgage lending up 16% month-on-month

CML: Mortgage lending up 16% month-on-month

The Council of Mortgage Lenders (CML) has today reported a pick up in mortgage lending for the month of June. According to the Council, gross mortgage lending last month totalled £12.9 billion – this represented a 16% rise on a monthly basis but was 3% lower compared with June 2010. Meanwhile, the CML said mortgage [...]

July 20, 2011 | 0 Comments More
CML: Mortgage approvals higher in May

CML: Mortgage approvals higher in May

The Council of Mortgage Lenders (CML) has reported that the number of loans for house purchase rose in May. According to the Council, there were 41,500 loans worth £5.9 billion advanced for house purchase in the month, up from 40,800 in April. However, the figure remains lower than the 43,800 loans advanced in May 2010. [...]

July 12, 2011 | 0 Comments More
Bank of England: Home repossessions to stay low

Bank of England: Home repossessions to stay low

According to Sir Mervyn King, the Governor of the Bank of England, a surge in home repossessions is unlikely as UK interest rates are set to remain low. Repossessions have fallen over recent times and many experts have previously argued that homeowners have been saved from repossession because of historically low interest rates, which has [...]

June 28, 2011 | 0 Comments More
CML: Mortgage lending rebounds in May

CML: Mortgage lending rebounds in May

The Council of Mortgage Lenders (CML) today reported a rise in mortgage lending for the month of May. According to the Council, mortgage lending rose 12% in May compared with April as demand was boosted by the public bank holidays. Gross mortgage lending in the month totalled £11.3 billion, said the CML. The figure was [...]

June 20, 2011 | 0 Comments More
CML: Mortgage lending down 5% on year in April

CML: Mortgage lending down 5% on year in April

The Council of Mortgage Lenders (CML) today reported a fall in mortgage lending for the month of April. According to the Council, mortgage lending fell to £9.8 billion last month, down 14% from £11.4 billion the previous month and 5% lower than the £10.3 billion a year earlier. The CML attributed the fall to the [...]

May 20, 2011 | 0 Comments More
CML: Remortgaging on the increase

CML: Remortgaging on the increase

The Council of Mortgage Lenders (CML) has today reported a rise in remortgaging loans as homeowners anticipated interest rate hikes. According to the CML, there were almost 34,000 remortgage loans advanced in March – 16% higher compared with February and a rise of 17% on an annual basis. Remortgaging has remained subdued during the historically [...]

May 13, 2011 | 0 Comments More
CML reports rise in repossessions

CML reports rise in repossessions

The Council of Mortgage Lenders (CML) has today reported an increase in repossessions. According to the Council, lenders seized 9,100 properties in the January to March period – a rise of 15% on the previous quarter. However, it was 10% lower when compared with the same period last year. Experts have previously argued that many [...]

May 12, 2011 | 0 Comments More
CML reports 2% fall in mortgage lending in March

CML reports 2% fall in mortgage lending in March

The Council of Mortgage Lenders (CML) has today said mortgage lending continues to remain weak, suggesting the housing market will remain subdued this year. According to the Council, gross mortgage lending for March was 2% lower in March on an annual basis. However, on a monthly basis, gross lending rose 21% to £11.3 billion, compared [...]

April 20, 2011 | 0 Comments More
CML: Mortgage lending sees slight rise in February

CML: Mortgage lending sees slight rise in February

The Council of Mortgage Lenders (CML) has today reported mortgage lending increased in February. Mortgage lending rose by 8% in February on a monthly basis but was down 12% on the year. There were 32,300 approvals during the month with first-time buyers making the biggest contribution with 12,400 mortgages worth £1.4 billion. First-time buyers are [...]

April 8, 2011 | 0 Comments More
Mortgage lending stuck at low levels

Mortgage lending stuck at low levels

The Council of Mortgage Lenders (CML) has today said mortgage lending continues to hover at low levels as the housing market remains subdued. According to the Council, gross mortgage lending for February totalled £9.5 billion - relatively unchanged from January’s figure. The CML said the housing market remained “stuck in a rut” and is likely [...]

March 18, 2011 | 0 Comments More
DCLG: House prices fall 1.4% in January

DCLG: House prices fall 1.4% in January

Official data from the Department for Communities and Local Government (DCLG) today revealed UK house prices fell by 1.4% in January compared with December, with the average UK home costing £208,552. On an annual basis, house prices are now 0.5% lower - compared with 3.8% in December - the eighth month in a row in [...]

March 15, 2011 | 0 Comments More
CML: Mortgage lending down 29% in January

CML: Mortgage lending down 29% in January

The Council of Mortgage Lenders (CML) has today reported mortgage lending plunged in January. Mortgage lending fell by 29% in January on a monthly basis, while lending was also 12% down on the year. There were just 28,500 approvals during the month - the lowest level since February 2009. The Council highlights that traditionally December [...]

March 11, 2011 | 0 Comments More
CML: Mortgage lending down 13% in December

CML: Mortgage lending down 13% in December

The Council of Mortgage Lenders (CML) has today reported mortgage lending remained weak in January. Mortgage lending fell by 13% in January compared with December to £9.2 billion - the lowest level for a year, according to the CML. However, it was a 5% rise on January 2010 levels - the first year-on-year increase since [...]

February 18, 2011 | 0 Comments More
CML: Mortgage lending dips in December

CML: Mortgage lending dips in December

The Council of Mortgage Lenders (CML) has today reported mortgage lending remained weak in December. However, the month is traditionally a quiet one as prospective buyers opt to wait until the New Year to purchase a home. The number of loans approved for those buying a new home stood at 39,000 during the month – [...]

February 11, 2011 | 0 Comments More
CML reports further fall in repossessions

CML reports further fall in repossessions

The Council of Mortgage Lenders (CML) has today reported a further fall in repossessions – the fifth consecutive quarter in which they have fallen. According to the Council, lenders seized 7,900 properties in the October to December period - an 11% fall from the 8,900 in the previous quarter. It was also 26% lower than [...]

February 10, 2011 | 0 Comments More
CML: Mortgage lending down 18% on year in December

CML: Mortgage lending down 18% on year in December

The Council of Mortgage Lenders (CML) has today reported mortgage lending remained weak in December. Mortgage lending fell by 6% in December compared with November, said the Council. According to the CML, mortgage lending totalled £11 billion - this was 18% lower compared with December 2009 - when buyers were rushing to beat the end [...]

January 21, 2011 | 0 Comments More