Property Finance News - FindaProperty.com

Mortgage approvals hit by end of stamp duty holiday

Fri, 12 Mar 2010 00:00:00 GMT

Only 32,000 loans were approved for house purchase in January 2010, a whopping 49 per cent lower than December 2009’s total of 62,800, according to figures from the Council of Mortgage Lenders (CML). First-time buyer mortgages saw the biggest slump, falling by 54 per cent to 11,300 from 24,800 the previous month, although it’s worth noting that the total was still 31 per cent higher than in January 2009 (8,600). Breaking down the figures further, the CML report also reveals that,...

Subdued Mortgage Lending In January

Tue, 23 Feb 2010 00:00:00 GMT

British Bankers' Association (BBA) January 2010 report: Key Points Gross mortgage lending totalled £8.0 billion in January, down from £10.9 billion in December and lower than the previous six-month average of £9.2 billion. The net change in mortgage lending was £2.7 billion in January, down from December's £3.3 billion. In January, 35,083 new mortgages were approved, compared to 45,650 in December.The number of loans for remortgaging fell from...

Mortgage Lending At Lowest Level Since 2000

Thu, 18 Feb 2010 00:00:00 GMT

Council of Mortgage Lenders (CML) Gross Lending January 2010: Key pointsGross mortgage lending declined to an estimated £9.1 billion in January, 32 per cent lower that the £13.4 billion in December.On an annual basis, this was 21 per cent lower than last January's total of £11.5 billion worth of mortgages.Although a fall in mortgage lending is typical between December and January, this is the lowest monthly total since February 2000 (£7.9 billion) and the lowest January total since 2000 (£7.4...

First-Time Buyer Loans Hit Two-Year High

Mon, 15 Feb 2010 00:00:00 GMT

Council of Mortgage Lenders (CML) Lending Breakdown December 2009: Highlights At £2.9 billion, first-time buyer loans rose 26 per cent from November both by volume and value.December saw a total of 24,900 mortgages to first-time buyers, the highest number since November 2007. This was driven by a rush to buy a property in the £125,000 - £175,000 bracket before the year-end stamp duty concession expired.Over half (55 per cent) of house purchase loans were on properties costing under £175,000...

If saving is sensible, is offset better?

Tue, 09 Feb 2010 00:00:00 GMT

Advertising Feature Reading the headlines in recent weeks, you would be forgiven for thinking that everyone who owns a home is barely making ends meet. But the truth is a large proportion of UK homeowners are perfectly able to afford their property* – and what’s more many have extra savings that they want to use effectively. These are the people who could benefit from an...