Posts Tagged ‘remortgaging’
CML: Mortgage approvals higher in May
The Council of Mortgage Lenders (CML) has reported that the number of loans for house purchase rose in May. According to the Council, there were 41,500 loans worth £5.9 billion advanced for house purchase in the month, up from 40,800 in April. However, the figure remains lower than the 43,800 loans advanced in May 2010. [...]
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 [...]
BBA: Mortgage approvals up 3% in February
The British Bankers’ Association (BBA) has today revealed a slight rise in the number of new mortgages approved by the major banks in February. According to the BBA, the number of new mortgages approved in the month stood at 29,923 – marginally better than January’s level of 29,159, albeit lower than economists forecast of 29,350. [...]
House purchase lending fails to impress
Demand for house purchase mortgages continued to be weak in July, the Council of Mortgage Lenders (CML) has reported. In what is traditionally a strong month, there were only 56,000 house purchase loans (worth £8.4 billion), although volumes had increased from 53,000 a year earlier. Remortgaging activity remained flat when compared with June (28,000 loans) [...]
Mortgage lending improves in June but CML cautious
Despite the doom and gloom surrounding the housing market currently, there is some positive news from the Council of Mortgage Lenders (CML). According to the CML, 52,000 new loans were granted to home buyers in June – 19% higher than in May and up 14% on June 2009. CML economist Paul Samter points out that [...]