21 February, 2013
We learn that the Leeds Building Society was the latest organisation that increased its lending last year, with nearly one third going to first time buyers. According to the Society’s annual results, new mortgage on mortgages last year reached £1.65bn, compared to £1.23bn in 2011, while net residential lending more than doubled to a record… Read more »
18 February, 2013
A report by the Council of Mortgage lenders indicates that first-time buyer numbers reached their highest yearly total in five years in 2012. The CML said that a total of 216,200 first-time buyers became homeowners in 2012, the first time the annual total has exceeded 200,000 since 2007. 2012 also saw a year-on-year rise of… Read more »
15 February, 2013
According to the Council of Mortgage Lenders, gross buy-to-let lending reached its highest level in four years in 2012. At £16.4bn, it was 19% higher than the £13.8bn advanced in 2011. This form of lending accounted for 11.5% of total gross mortgage lending, up from 9.8% in 2011.
13 February, 2013
We note that the Treasury is in talks with lenders and mortgage trade bodies to improve access to 95% loan-to-value mortgages. These will look at mortgage indemnity guarantees on some older properties. For further information on this story, visit the Mortgage Strategy website (click here).
11 February, 2013
According to the Council of Mortgage lenders, gross mortgage lending in December reached an estimated £11.7 billion. This brings the estimated total for 2012 up to £143 billion, up from £141 billion in 2011. And over the course of 2013, the CML forecasts that gross lending will reach £156 billion. Click here for more information.
11 February, 2013
According to a study by LSL Property Services, the fall in mortgage rates over the last 12 months has provided a boost to the housing market. Research by the company suggested that the average house price in England and Wales hit £227,478 during January, a 3.1% rise on the same period last year. According to… Read more »