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21st of May 2011
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News Tag: remortgages

May 13, 2011

CML: Remortgaging on the increase

by Kay Murchie
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 low interest rate environment but soaring inflation over the ...

August 17, 2009

Remortgages enter risky loan category

by Gill Montia
Moody's Investor Services has categorised remortgages as having "adverse loan characterisics", indicating that they carry some of the risks associated with a high default rate. In a recent report entitled "What drives UK mortgage loans to default" the credit rating agency places remortgages alongside other risky loans, based on data gathered on mortgages that originated in or before 2008. The firm also names high ...

June 12, 2009

New home loan approvals up 16%

by Gill Montia
More good news on the housing market front with latest figures from the Council of Mortgage Lenders (CML) showing the number of loans approved for house purchases rising 16% in April, compared with March. Loans to first-time buyers increased by 11% on March and the average deposit required stood at 25% (unchanged from February). Those getting a foot on the property ladder borrowed ...

March 24, 2009

Banks approve more house purchases mortgages

by Gill Montia
Banks approve more house purchases mortgages
Figures from the British Bankers' Association (BBA) show a rise in the number of mortgages approved for house purchase in February, signalling the third consecutive monthly increase. Last month 28,179 loans for house purchases were sanctioned, up from 24,278 in January and significantly ahead of November's record low rate of 17,878. However, February's figure is still 31% down year-on-year and ...

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