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News Tag: new mortgage lending

September 29, 2009

New mortgage lending dips in August

by Gill Montia
New mortgage lending fell back in August, according to the latest Trends in Lending report from the Bank of England. Approvals for house purchase loans stuck at 52,317, compared to 52,404, in July. The dip represents the first fall in new mortgage approvals since November of last year, when the number of homebuyer loans sanctioned by banks and building societies fell to a ...

February 24, 2009

New mortgage lending up in January

by Gill Montia
New mortgage lending up in January
The British Bankers' Association (BBA) has reported a slight rise in the number of mortgages approved by its members for house purchases, in January. By volume, approvals rose to 23,376, compared to 22,416 in December, however, the figure was still 43% down on a year earlier. According to the BBA, High Street banks are currently providing more than two-thirds of new mortgage lending ...