Mortgage approvals jump in April June 2, 2015 THE NUMBER of mortgage approvals granted for new homes in April shot up at its fastest rate since 2009, but lending to firms is struggling to gain momentum. There were 68,076 mortgages granted for house purchase in April, the Bank of England said yesterday. It marked a 9.9 per cent jump on March’s 61,945. “One [...]
UK house prices: Mortgage approvals have their biggest spike since April 2009 June 2, 2015 The number of mortgages granted in April for new homes grew at its fastest rate since April 2009, according to data from the Bank of England. The figures Some 68,076 mortgages were granted in April for house purchase, compared with 61,945 in March – an increase of 9.9 per cent – the biggest monthly percentage change [...]
Reports reveal services leading the UK recovery – London Report May 31, 2015 THE UK service sector is once again expected to be the star turn as purchasing managers (PMI) reports this week show continued economic growth. Figures due out on Wednesday are expected to show the sector held up well in May, remaining stable at 59.5 (with 50 and above denoting growth) after rising to this level [...]
UK house prices: Are low deposit mortgages propping up the housing market? May 14, 2015 The number of people buying houses with low-value deposits has risen by 7.3 per cent in the last year, according to data analysis by chartered surveyors e.surv. The figures Lending to borrowers who have only small deposits (15 per cent or less of the property’s value) accounted for 16.3 per cent of house purchases in April, [...]
RBS makes quarterly loss of £446m after more cash earmarked for forex scandal costs April 30, 2015 RBS has slumped to a quarterly loss after it joined Barclays in earmarking more cash to stave off potential payments over the forex scandal. The Figures For the three months to the end of March, RBS posted a loss of £446m, a big swing from the £1.2bn profit it made in the same quarter last [...]
Entrepreneur David Johnson is building an empire in the British Virgin Islands to rival Richard Branson’s Necker April 30, 2015 When Sir Richard Branson arrived in the British Virgin Islands, he was sufficiently smitten that he bought his own island, Necker. It’s easy to see why. This Caribbean tropical paradise enjoys a sunny season stretching to 10 months of the year, while gentle waves from a clear blue sea lap the BVI’s many sandy beaches. [...]
Nationwide House Price Index: UK house prices hit a new record high April 29, 2015 UK’s house price growth rose by an annual rate of 5.2 per cent in April, a small rise from March’s figure of 5.1 per cent. This put the average cost of a house in the UK at £193,048, the highest since records began. The figures According to data from Nationwide, UK house prices rose one per [...]
Mortgage approvals just jumped to a six-month high in March April 28, 2015 Mortgage approvals hit a six-month high in March, but they're still about 14 per cent lower than a year ago, according to data released by the British Bankers' Association (BBA) today. Mortgage approvals for house purchase rose to 38,751 in March, up from 37,453 in February and the largest amount since September last year. "The [...]
UK property prices: House price growth still falling – but mortgage approvals are up April 9, 2015 Growth in house prices fell again in the three months to March, to 8.1 per cent, down from 8.5 per cent in January, research by Halifax suggested today. That puts growth at a "similar" rate to September 2014 – although it's now "significantly" below July's peak of 10.2 per cent, it added. Month on month, [...]
Cheaper rates lift approvals to six-month high March 30, 2015 MORTGAGE approvals climbed to a six-month high in February, according to figures released by the Bank of England yesterday Mortgage approvals for house purchases numbered 61,760 in February, up from 60,707 in January. Net mortgage lending rose by £1.74bn, the fastest growth in three months. Recent surveys of the housing market have shown a cooling [...]