November gross mortgage lending up 30% on last year

Posted on December 19, 2013 by tony

  There was an estimated £17 billion of gross mortgage lending in November, according to the Council of Mortgage Lenders. This was 4% lower than October’s figure of £17.6 billion but 30% higher than the £13 billion lent in November …

Posted in Mortgages | Tagged | Leave a comment

Aldermore launches Help to Buy guarantee mortgages

Posted on December 16, 2013 by tony

  Aldermore, Britain’s leading challenger bank, is launching its Help to Buy: mortgage guarantee range under the Government’s scheme on Monday 16th December. Aldermore is making its Help to Buy: mortgage guarantee available on remortgages and not just new purchases. …

Posted in Mortgages | Tagged | Leave a comment

Home-owner house purchase lending up 24% year-on-year in October

Posted on December 12, 2013 by tony

  New CML data released today on the profile of UK lending in October 2013, including first-time buyer, home mover, remortgagor and buy-to-let lending, shows: Total number of loans advanced to home-owners for house purchase rebounded strongly from its seasonal fall in September, …

Posted in Mortgages | Tagged , | Leave a comment

CML market forecasts – steady improvement in 2014

Posted on December 10, 2013 by tony

  The housing and mortgage markets look set to continue to show greater levels of activity in 2014, according to the latest forecasts from the Council of Mortgage Lenders. However, the CML sees an unbridled housing boom as unlikely. Indeed, given the already stretched …

Posted in Mortgages | Tagged | Leave a comment

Aldermore is first challenger bank to launch Help to Buy guarantee mortgages

Posted on December 5, 2013 by tony

  Aldermore, Britain’s leading challenger bank, will be launching its Help to Buy mortgage guarantee range under the Government’s scheme on Monday 16 December, as announced by the Chancellor George Osborne during today’s Autumn Statement. Aldermore is the first bank …

Posted in Mortgages | Tagged , | Leave a comment

69% of brokers feel prepared for MMR, yet just 1 in 3 make changes

Posted on November 14, 2013 by tony

  New research from IRESS, a leading international supplier of financial markets, wealth and mortgage management systems, has found that over two thirds of brokers (69%) now understand the changes they need to make to their business ahead the Mortgage …

Posted in Regulation | Tagged , | Leave a comment

CML: Arrears and repossessions continue to fall

Posted on November 14, 2013 by tony

  The latest survey results from the Council of Mortgage Lenders show a further fall in the number of mortgages in arrears, as well as the number of repossessions, in the third quarter of the year. The proportion (and number) of borrowers behind with …

Posted in Mortgages | Tagged , | Leave a comment

Precise Mortgages cuts fixed rates

Posted on November 13, 2013 by tony

  Precise Mortgages, the intermediary only lender, has reduced pricing on its fixed rate Home Owner mortgage products. Fixed rates have been cut in every tier across the Almost Prime and Near Prime Home Owner ranges by between 0.20% and …

Posted in Mortgages | Tagged , | Leave a comment

High LTV lending rises 80% year-on-year in October‏

Posted on November 13, 2013 by tony

  House purchase lending climbs to six year high in October House purchase lending 32% higher year-on-year Highest number of high LTV loans since April 2008   House purchase lending increased for the eighth month in a row in October, …

Posted in Mortgages | Tagged | Leave a comment

Highest quarterly house purchase lending levels since 2007

Posted on November 12, 2013 by tony

  New CML data released today on the profile of lending in September and the third quarter of 2013 show: Total home-owner house purchase lending fell in September, down 14% on August but up year-on-year by 20%. Lending in the third quarter of …

Posted in Mortgages | Tagged , | Leave a comment