UK house prices: Mortgage lending up 26 per cent in October as lending recovery gains momentum – the British Bankers’ Association November 25, 2015 Mortgage borrowing was a giant 26 per cent higher in October than in the same month last year, according to figures released by the British Bankers Association. The amount loaned out reached £12.9bn, with the number of mortgages approved by lenders up 27 per cent on last year. Approvals for house purchase were up 21 per [...]
UK house prices will continue climbing, but don’t expect rates to be hiked as a result November 18, 2015 The housing market has always been key to the UK economy. People who move house often undertake home improvements, and strong demand (in theory) leads to more houses being built, both of which boost GDP. Given the major impact this can have on future interest rates, the UK housing market has traditionally been crucial for [...]
Challenger bank Aldermore looking as safe as houses in third quarter results, as residential mortgages push up lending, but share price drops November 12, 2015 Aldermore has today reported loan growth of about £1bn over the last nine months, bringing total net loans to customers to £5.8bn, an increase of 20 per cent from the end of December. In its third-quarter results for 2015, the challenger bank, which was set up by former Barclays executive Phillip Monks, said it was on [...]
House purchase lending jumps to seven-year for October November 12, 2015 Mortgage lending reached its highest level for the month of October in seven years, new data released today shows, as low inflation rates and rising wages helped keep consumer confidence levels high. Overall house purchase lending approvals reached 72,409 in October, up by 5.1 per cent on the previous month and 21.9 per cent ahead [...]
UK house prices: Persimmon share price falls despite jump in sales November 4, 2015 Are housebuilders finally feeling the heat? FTSE-listed builder Persimmon reported a 12 per cent sales hike in the third quarter this morning – but shares continued to slide after the sector had a spot of bother with a broker yesterday. The figures Sales were 12 per cent higher in the period since it reported its half year results on [...]
BBA: Mortgage approvals leap as buyers race interest rate hike October 26, 2015 The number of mortgage approvals leaped 24 per cent in the year to September, figures published this morning showed, suggesting buyers are racing to secure mortgages before interest rates are hiked. The figures, by the British Bankers' Association, showed gross mortgage borrowing in September rose to £12.1bn, 17 per cent higher than a year ago. [...]
Mortgage lending rises sharply in September for the fourth month in a row October 22, 2015 The amount of mortgage lending to UK homebuyers jumped by 12 per cent in the year to September as rising employment and earnings growth helped keep confidence levels high. Gross mortgage lending reached £20bn in September, up from £17.8bn the same time last year and two per cent higher than August’s lending total of £19.7bn, [...]
UK house prices: Buy-to-let lending drove the mortgage boom in August, according to the Council of Mortgage Lenders October 13, 2015 Mortgage lending ticked up in August compared with the same month last year, with buy-to-let lending posting a rapid increase. There was a whopping 37.9 per cent jump in buy-to-let lending on the year, with 22,200 mortgages approved. The amount of money lent out was up 47.8 per cent to £2.3bn, according to the figures released this morning [...]
Breaking the Bank: What will rising UK interest rates mean for P2P lending? October 5, 2015 The Bank of England will soon need to rediscover the use of its trigger finger and fire the starting gun on interest rate rises. Still expected to be slow and steady, tightening policy after nearly seven years of ultra cheap money will nevertheless have a sizeable impact on everything and everyone, pushing up borrowing costs [...]
UK house prices: Home lending mortgage products reach post-crisis high September 30, 2015 The number of mortgage products on the market for homebuyers to choose from are at their highest level since 2008, as competition among lenders intensifies, new figures show. A total of 15,838 mortgage products were available in August, up 10 per cent on July when there were 14,395 products and the biggest monthly percentage rise [...]