News Tag: lending criteria
July 9, 2009
The Council of Mortgage Lenders (CML) has reported that the number of loans approved for house purchases rose 4% in May compared to April, to 37,400.
However, volumes were 28% down on a year earlier and well below the 96,000 May average of the past seven years.
May remortgaging volumes tumbled 9% on a month earlier to 29,000 and were down 63% on ...
House purchase mortgage approvals rise 4%
by Gill Montia
January 6, 2009
Financial data provider, Moneyfacts.co.uk, has published new figures showing that 25% of mortgages available in the UK to new borrowers require a deposit of at least 40%.
Those who can only manage a deposit of 5% or less have a mere 21 home loans to choose from, compared with over 1,200 in February of last year.
Borrowers who can put ...
Shift to larger deposits hampers housing market recovery
by Gill Montia
