News Tag: home loans
December 24, 2009
Lenders are cautiously expanding their mortgage offerings, with the number of home loans available rising steadily since August's low of 2,182.
According to moneysupermarket.com homebuyers and remortgagers can now choose from 2,430 products, although the figure is still well below the 3,384 available at the beginning of the year.
Encouragingly for first-time buyers, the most significant area of growth has been in loans ...
Mortgage offerings recover from summer low
by Gill Montia
February 12, 2009
The Council of Mortgage Lenders (CML) has reported that the number of mortgages for house purchases fell 49% in 2008.
Just 516,000 such loans were agreed during the year, representing the lowest level of activity since 1974.
In December, house purchase loans slid to 32,000 down 5% on November to the lowest level since monthly records began in 2002.
During the ...
New home loans down 49% on the year
by Gill Montia
February 5, 2009
Abbey has announced that it lent over one in four new mortgages in the UK during 2008, accounting for 28.9% of net new home loans.
During 2007, the bank's share of the market stood at a mere 8%.
Despite the credit crisis, the Spanish-owned lender has made it clear that it is keen to increase its share of the UK ...
Abbey takes 28.9% share of new mortgage lending
by Gill Montia
August 22, 2008
Members of the New Local Government Network (NLGN) are calling on the Government to provide local authorities with new powers that would allow them to make a competitive entry into the home loan market.
NLGN is an independent think tank that seeks to transform public services.
It comprises a number of senior local government figures who are now arguing that local ...
Local councils network eager to provide home loans
by Gill Montia
