The UK buy-to-let sector is still growing, says the Council of Mortgage Lenders (CML).
Figures published by the organisation yesterday showed that gross mortgage lending for buy-to-let landlords stood at £4.2 billion across 33,500 loans. Read more…
House purchase lending from building societies and other mutuals stood at £2.9 billion in March, new data shows, up by eight per cent from the same month last year.
Mutuals also increased their share of mortgage lending to 25 per cent from 22 per cent in March 2012, according to figures from the Building Societies Association. Read more…
Buy-to-let mortgages became less expensive in the first three months of 2013, according to new figures.
Lenders’ fees and mortgage rates both fell in Q1 2013, according to Mortgages for Business, leading to an overall rate cut of 0.33 per cent. Read more…
A new directive from the EU designed to tighten the rules on mortgage lending will not apply to buy-to-let loans, after UK officials negotiated a last-minute exception to the rule.
Parental guarantor mortgages will also be exempt from the legislation after talks between the European Commission, Parliament and Council of Ministers concluded earlier this week, along with shared equity loans and endowments. Read more…
House purchase approvals and remortgages have both fallen in the UK compared to last year, new figures show.
Net mortgage borrowing rose by 0.1 per cent in February, according to the figures from the British Bankers’ Association, while gross borrowing rose to £7.8 billion. Read more…
Total gross mortgage lending fell to £10.5 billion in February, new figures show.
According to Council of Mortgage Lenders (CML), although this is an eight per cent drop from the figure recorded by the Bank of England in January, Read more…
January this year showed the strongest mortgage lending at the start of a year since 2008, according to new data from the Council of Mortgage Lenders (CML).
A total of 38,700 new house purchase loans were made in January, 11 per cent higher than the same month of the previous year. Read more…
