August 30, 2012
Gross lending totalled £11.7bn in June, 6% lower than May’s total of £12.5bn and 7% lower than in last June. But the Council of Mortgage Lenders says that figures show that lending to first-time buyers during the month was at its highest since July 2010 – with the exception of March this year, when first-time […]
August 12, 2012
SpareRoom.co.uk last week published research showing that nearly half of UK renters cannot afford to save for a deposit. The results of its poll show 42% of respondents say they cannot afford a deposit while 19% say they never envisage getting on the property ladder. Among the 35% who have started to save for a […]
August 7, 2012
Gross mortgage lending by building societies and other mutuals was up by 38% in the first half of the year compared with 2011. Gross lending reached £14.1bn in the six months ending June 2012, compared with £10.2bn over the same period in 2011. Lending rose 28% to £2.7bn in June 2012, up from £2.1bn June […]
July 27, 2012
The number of house purchase loans grew by 33 per cent between April and May and by 24 per cent over the course of the year. The value of the loans grew by 36 per cent and 29 per cent respectively. CML director, General Paul Smee says: “It is positive news for the market that […]
November 11, 2011
Barclays is warning that consumers are missing out on a huge cost-saving opportunity after research by the bank revealed that 58% of homeowners have never changed their mortgage aside from moving house. Some 74% of those surveyed said they would consider remortgaging if it would save them £50 a month, but the majority believed they […]
November 10, 2010
Four in 10 mortgage holders have no life cover. A total of 43% of mortgage holders in Britain do not have their mortgage payments protected by life insurance, according to data from a major life insurer.The findings suggest that there are over 7.1 million people with a collective outstanding mortgage balance of £318bn who have […]
September 21, 2010
A recent survey has revealed that 90% of people planning to take out a mortgage in the next year do not completely understand the difference between the main types of mortgages that are on offer. Only 8% of respondents said they completely understood all the differences between the many variations of mortgages but 11% said […]