Author Archives: arriba
March 31, 2014
Lending up 43% year on year
Gross lending was up an estimated 43 per cent year-on-year in February, according to new figures released today by the Council of Mortgage Lenders. Lending was at its highest February total since 2008 with £15.2bn advanced, up significantly on the £10.6bn advanced in the same month last year. However, lending was down 6 per cent […]
February 4, 2014
Help to Buy 1 completions rocket in Q4 2013!
The number of completions through the Help to Buy equity loan scheme rocketed in the last quarter of 2013 after official figures revealed that more people completed in that period than in the first six months of the scheme. Between the scheme’s launch, in April, and the end of December last year, there had been […]
January 24, 2014
UK inflation at 2% target for first time since November 2009!
UK inflation dropped down to its 2% target at the end of 2013, according to the latest official figures. The Office of National Statistics says the consumer prices index rose by 2% in the year to December. This latest figure is marginally lower than the 2.1% recorded for November 2013. The fall to 2%, the Bank of […]
January 13, 2014
Gross lending up 30% in November!
Gross lending rocketed 30% year-on-year in November, according to figures published today by the Council of Mortgage Lenders. There was an estimated £17bn of gross mortgage lending in November, compared with the £13bn lent in November last year. Lending dipped 4% from the £17.6bn lent in October. Earlier this month, the CML estimated gross lending […]
December 17, 2013
Lending at five-year high in the third quarter!
Mortgage lenders advanced more money in the third quarter than they have in any other quarter for five years, according to figures released today by the FCA. Gross advances of £49.5bn were recorded in Q3 2013 – the highest total since Q3 2008 – up 25% on the £41.6bn advanced in the same period last […]
December 9, 2013
House prices rocket 6% year-on-year!
Nationwide’s November house price index shows property values are up 0.6% on October but annually have now risen 6.5%. The price of an average property now stands at £174,566, up from £163,853 a year ago. Nationwide’s chief economist Robert Gardner says the pace of change annually is the strongest it has been since July 2010, […]
November 29, 2013
House prices set to increase 24% in five years!
Knight Frank is predicting that house prices will increase by 24% in the next five years. In its UK housing market forecast for Q4 2013, published today, Knight Frank is predicting house price growth of 7% both this year and again in 2014. It predicts price growth will slow to 4% in 2015 and 3% […]
November 15, 2013
Average house value rises £9,500 in a year!
House prices have risen 5.8% since October 2012, according to the latest house price index from Nationwide Building Society. This month, prices reached £173,678, meaning the average house value has risen over £9,500 in the past year. Prices are now at their highest level since April 2008 and are only 7% below their October 2007 […]
November 8, 2013
32% Jump in quarterly gross mortgage lending!
Gross mortgage lending for the third quarter of 2013 was 32% than the same time period in 2012, according to the Council Mortgage Lenders’ latest figures. The total for gross lending in the third quarter reached £49.6bn representing a 17.6% quarterly rise from the second quarter and the highest lending amount by quarter since the […]
November 1, 2013
House sales up 17% year-on-year!
There were 69,140 house sales in July, up 17% from 59,141 in July 2012, according to figures published today by the Land Registry. The number of properties sold in England and Wales for over £1m in July 2013 was 1,143, up from 852 a year before. Average house prices in England and Wales grew by […]
October 22, 2013
First-time buyer lending up 33%!
The volume of mortgages taken out by first-time buyers in August was up by 33% from twelve months previously, according to data released today by the Council of Mortgage Lenders. A total of 27,100 loans were advanced to first-time buyers in August 2013, up from just over 20,000 last year. This also represents a seven […]
October 15, 2013
House prices up 6.2% year-on-year in Q3!
House prices rose 6.2% year-on-year in the third quarter, according to the latest Halifax house price index. Prices also rose 2.1% compared to the second quarter of 2013, leaving the average house price in the three months to September at £170,733. This figure is still 14% short of the August 2007 peak, despite eight consecutive […]