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mortgage

Mortgage lending is up!

Thursday 21 January 2016  / Ruth Montia

Chartered surveying company e.surv says overall house purchase approvals, on a seasonally adjusted basis, decreased to 68,218 in December. Though, the second half of the year saw a strong monthly average of 69,572 approvals, compared to the 64,047 in...

mortgage

Mortgage lending data released

Friday 15 January 2016  / Ruth Montia

According to new data, Mortgage lending for home buyers plunged by 9% in November, but has risen by 18% over a full 12 month period.The Council of Mortgage Lenders also say there were 27,900 loans to first time buyers in November, which is a decreased...

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Which? claim most mortgage holders don’t know their interest rate

Monday 07 December 2015  / Ruth Montia

The mortgage advice division of the consumer group Which? have released new research revealing that 32% of mortgage holders are unaware of the rate of interest on their mortgage with 29% knowing their exact rate.In a separate analysis by Which?, it...

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Repossession rate has fallen to record low

Friday 14 August 2015  / Ruth Montia

The Council of Mortgage Lenders has released figures that say the rate of repossession has fallen in the second quarter of 2015 and is at an astonishing 0.02%, which is the equivalent of just one in every 5,000 mortgages. This is the lowest rate recorded...

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CML Figures

Wednesday 12 August 2015  / Ruth Montia

CML have issued figures that show lending to first time buyers bounced back in the second quarter of 2015 after a slow start to the year, although this level is no greater than in the same period in 2014. The amount of first time buyers has grown in numbers...