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Thursday 24th of June 2010

News Tag: gross mortgage lending

June 18, 2010

Gross mortgage lending up 7%

by Gill Montia
”Gross
Gross mortgage lending totalled an estimated £11.3 billion in May, the Council of Mortgage Lenders (CML) has reported. The figure is up 7% from £10.5 billion in April, and 10% from £10.2 billion a year earlier. While the mortgage market is more buoyant than a year ago, it remains "subdued", according to the CML, with gross lending falling slightly short of that seen towards ...



May 21, 2010

Mortgage lending down as funding challenges persist

by Gill Montia
”Mortgage
Gross mortgage lending fell to an estimated £10.2 billion in April, down 12% from £11.6 billion in March and 1% from £10.3 billion in April 2009. According to the Council of Mortgage Lenders (CML), a slight seasonal decline had been expected as Easter fell in April this year and gross lending remains broadly in line with the CML's forecast of £150 ...



April 27, 2010

Mortgage lending down as home owners focus on repayment

by Gill Montia
”Mortgage
The British Bankers' Association (BBA) has reported that gross mortgage lending amounted to £8.7 billion in March, with the figure 0.4% down on a year earlier and below the average of the previous six months (£9.2 billion). According to the BBA, repayments were stronger than usual as lenders actively encouraged borrowers to use surplus cash to reduce their borrowing. ...



April 19, 2010

Gross mortgage lending remains on track

by Gill Montia
”Gross
Gross mortgage lending leapt to £11.5 billion in March, a 24% rise on February and up 3% on a year earlier, according to the Council of Mortgage Lenders (CML). However, the figure is in line with the usual seasonal trend and gross lending for the first three months of the year stood at £29.5 billion, or 24% less than in the ...



March 18, 2010

Gross mortgage lending up 6% in February

by Gill Montia
”Gross
The Council of Mortgage Lenders (CML) is expecting "further modest volatility" in the UK housing market in the coming months. The comment came as the body revealed a 6% rise in gross mortgage lending in February (to £9.2 billion) compared with January. Given that the end of the stamp duty holiday distorted lending figures considerably in both December and January, the CML ...



January 21, 2010

Mortgage lending skips seasonal dip

by Gill Montia
”Mortgage
Lenders approved an estimated £13.7 billion in home loans during December, the Council of Mortgage Lenders (CML) has reported. Gross lending showed a 14% rise on November and the figure was also 3% up on December 2008. Furthermore, the rise put the annual comparison in positive territory for the first time since October 2007; however, gross lending was still at its lowest since December ...



December 18, 2009

Gross mortgage lending slumps in November

by Gill Montia
”Gross
Gross mortgage lending fell to an estimated £12 billion in November, the Council of Mortgage Lenders (CML) has reported. The total represents a 10% decline from £13.3 billion in October and is 14% below the gross figure for November 2008. The lenders' body suggests a modest seasonal decline between October and November is typical, but concedes that a 10% fall is "a ...



November 19, 2009

October achieves seasonal rise in mortgage lending

by Gill Montia
”October
The Council of Mortgage Lenders (CML) has estimated October's gross mortgage lending at £13.5 billion. The figure is up 5% from £12.9 billion in September but shows a 27% decline on October of last year. The Council, which represents 98% of the UK's residential mortgage lenders, says the rise represents typical seasonal activity between September and October, adding that it expects the ...



July 20, 2009

Gross mortgage lending shows seasonal surge

by Gill Montia
”Gross
The Council of Mortgage Lenders has reported a 17% increase in gross mortgage lending for June. The figure rose to an estimated £12.3 billion, up from £10.5 billion in May but still registering a 48% decline on June 2008, when gross lending stood at £23.8 billion. On a quarterly basis, gross lending in the three months to the end of June ...



June 18, 2009

Gross lending dips as remortgaging continues to decline

by Gill Montia
”Gross
Gross mortgage lending declined slightly last month, falling to £10.3 billion in May from £10.5 billion in April. The 2% decline took the annual fall to 58%. The new figures from the Council of Mortgage Lenders (CML) include lending for house purchases and remortgages and the Council points out that even if house purchase activity is increasing, the rise will not ...



January 21, 2009

Gross mortgage lending declines 47%

by Gill Montia
Gross mortgage lending declines 47%
The Council of Mortgage Lenders (CML) has reported that gross mortgage lending fell to an estimated £12.6 billion in December, down 11% from a month earlier and 47% on December 2007. The monthly figure is the lowest since April 2001, according to CML records, and the Council's director general, Michael Coogan, comments that December is typically a quiet month but adds that the ...