Over recent weeks data has been released that indicates mixed news in the mortgage lending markets. There has been much speculation recently about signs of recovery in the property and mortgage markets, and indeed some of the figures relating to mortgage lending levels have pointed towards recovery. (more…)
Posts Tagged ‘mortgage approvals’
Mixed news on mortgage lending
Friday, October 30th, 2009
Banks ‘choking’ the housing market
Wednesday, August 19th, 2009Banks in the UK have been accused recently of ‘choking’ the housing market by failing to hand out mortgage loans, even to the best buyers with five star credit. (more…)
BBA reports increase in mortgage lending levels
Friday, August 7th, 2009The British Banker’s Association has recently reported that whilst mortgage lending did hit rock bottom levels over the past couple of years June saw mortgage lending levels increase to their highest level in around fifteen months. (more…)
Thousands of mortgages each month being turned down
Tuesday, August 4th, 2009Whilst there has been a lot of talk about ‘green shoots’ in relation to improvement in the economy, financial markets, and property sector over recent weeks, a report that was recently released by the Bank of England indicates that thousands of mortgage applications a month are still being turned down by UK lenders. (more…)
New home loans at highest level in over a year
Thursday, July 23rd, 2009It was recently reported by the British Banker’s Association that the level of new home loans for the month of May jumped to its highest level in over a year. (more…)
Thousands of mortgages a month being turned down by banks
Thursday, July 9th, 2009Recently released figures have shown that every month thousand of mortgage applications in the UK are being turned down by lenders. (more…)
Mortgage lending fell back in May
Thursday, July 2nd, 2009According to recently released figures mortgage lending in the UK fell back again in the month of May. The figures were released by the Council of Mortgage lenders, and the data on the report showed that gross lending was around 2 percent lower in May than it was in April, standing at around £10.3 billion. (more…)
Increase in mortgage approvals for April
Tuesday, June 16th, 2009Despite the doom and gloom that has been surrounding the mortgage markets over the past year or do, recent figures have shown that there was an increase in mortgage approvals for the months of April, brightening the dark mood that has been surrounding the mortgage industry over recent months. (more…)
Mortgage approval levels increase in February
Tuesday, April 7th, 2009Recently released figures have shown that the level of mortgage approvals for the month of February increased by more than many industry officials had been expecting. (more…)
Mortgage approvals held steady for January
Tuesday, March 31st, 2009Figures that were recently released by the Bank of England have shown that for the month of January mortgage approvals for property purchases levelled out, standing steady at 31,000. (more…)
Drop in mortgage approvals as consumers spend deposits elsewhere
Sunday, December 21st, 2008Reports have shown that October saw a further decrease in mortgage approval levels, falling by nearly two thousand compared to September and plunging by a massive 52 percent compared to October of last year. It is thought that part of the reason behind the fall in mortgage approval levels is that consumers have found other things on which to spend their deposits, particularly with Christmas just around the corner and very little availability of credit for many consumers. (more…)
Slight increase in mortgage approval levels for September
Sunday, November 23rd, 2008According to recently released figures there was a slight increase in the level of mortgage approvals in the UK during the month of September compared to the previous month. There were 21,342 mortgages approved for the month of August, and there was a slight increase for September, where 23,422 mortgages were approved. Whilst the slight increase in mortgage lending may seem encouraging, officials have warned that mortgage approvals for September were still 57% lower than in September of last year. (more…)
Fall in number of mortgage approvals for homebuyers
Saturday, September 13th, 2008According to recent figures there has been a significant fall in the number of mortgage approvals for homebuyers. Recent figures have shown that mortgage approval levels for homebuyers have fallen by around 64% over the past year. According to officials from the Bank of England approval levels for homebuyers have dropped to levels last seen in the 1990s. For May there were just 42,000 new mortgage approvals for homebuyers, which was the lowest on record since 1993. (more…)
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