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 …
Aldermore launches Help to Buy guarantee mortgages
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. …
Home-owner house purchase lending up 24% year-on-year in October
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, …
CML market forecasts – steady improvement in 2014
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 …
Aldermore is first challenger bank to launch Help to Buy guarantee mortgages
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 …
69% of brokers feel prepared for MMR, yet just 1 in 3 make changes
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 …
CML: Arrears and repossessions continue to fall
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 …
Precise Mortgages cuts fixed rates
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 …
High LTV lending rises 80% year-on-year in October
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, …
Highest quarterly house purchase lending levels since 2007
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 …