Monthly house purchase lending in April down 10% on last year

Lending in April: Lending in April was weaker compared to a year ago. First-time buyers saw a decline in lending compared to March and April last year. Home mover lending volumes went up slightly month-on-month but there was a year-on-year decline compared to April last year. Home-owner remortgage activity declined compared to last year. Buy-to-let continues to grow year-on-year, mainly driven by remortgage activity, although there was month-on-month decline compared to March. Paul Smee, director general of the CML, commented: "House purchase lending in April was relatively subdued compared to last year, but similar to activity in March. The economy is recovering, with employment up, earnings growing, and competitive mortgage rates, so we expect activity to continue building as the year progresses. Buy-to-let is showing stronger growth than home-owner lending, buoyed significantly by remortgaging, which continues to remain more subdued in the home-owner market".     Lending for buy-to-let Lending for...
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CML say seasonal lull in house purchase more prominent

The traditional beginning of year seasonal lull in lending is slightly more prominent in house purchase lending than in previous years, especially in comparison to the particularly strong levels at the start of 2014. Affordability constraints remain a factor for would-be borrowers, but we are still projecting lending to pick up over the next few months.
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Gross mortgage lending steady in September says CML

There is growing evidence that mortgage lending activity, and the housing market, are sitting on a plateau.
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Lending in August is 3% down on July say CML

New CML data shows that lending is down slightly compared to July.  The first month-on-month drop in house purchase lending volume since February this year.  Monthly highlights: First-time buyer lending declined in August compared to July, with 28,900 first-time buyer loans - 4% fewer than in July but 9% up on August 2013. By value, there was £4.4 billion of lending to first-time buyers - 4% down on July but 22% higher than August last year. Lending to home movers also declined, with the number of loans advanced to movers totalling 36,500, a 3% fall on the previous month but up 7% on August last year. By value, lending to movers totalled £7 billion, 3% down on July but up 17% on August last year. Remortgage lending activity saw a decrease month-on-month and also year-on-year in August. The number of remortgages in August was 4% down on July and 11% down on the same month last year. The value of these loans (£3.7 billion) was down 5% on the previous...
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Strong increase in lending to individuals

The Bank of England’s Money and Credit statistics were released this week and show a strong increase in lending to individuals. The figures specific to property, or ‘Dwellings’ as the bank terms it, are also strong.
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CML says Gross mortgage lending £18.6 billion in August

The CML (Council of Mortgage Lenders) estimates that gross mortgage lending reached £18.6 billion in August. This is 5% lower than July (£19.7 billion) but 13% higher than August last year (£16.4 billion) and the highest lending total for an August since 2008 (£19.3 billion).
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Bank Lending continues to increase

The Bank of Englands Money and Credit release for July 2014 shows an increase in lending. Lending secured on dwellings was up by £2.3 billion compared to an average 6th monthly increase of £2.0 billion.
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House purchase lending steady despite MMR

The Council of Mortgage Lenders has reports steady growth in lending during the second quarter of 2014, despite the introduction of the Mortgage Market Review changes. Key Highlights: Buy to let lending was up 5% to £2.2 billion although the number of loans remained the same at 15,600. The yearly figures were strong though with a 38% increase in value and 23% in number 28,600 First time buyer loans in June - 7% higher than in May and 19% up over the year. By value this was up 11% in the month to £4.2 billion. Lending to home movers grew, though less than for first time buyers, with a 4% rise. Remortgaging remained muted. Quarterly the buy to let lending was up 3% compared to the first quarter of 2014 Paul Smee, director general of the CML, commented: “For the second month running since new FCA rules took effect, lending characteristics...
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Lending on dwellings increased in May

Lending specifically secured on dwellings was also up by £2.0 billion in May to £16.9 billion, up substantially compared to the monthly average over the last 6 months increase of £1.5 billion.
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Slight fall in buy-to-let loans but First Time Buyers up

The Council of Mortgage Lenders (CML) data that was released today provides a profile of the UK Lending for April 2014. The figures that cover Buy to let as well as the other lending classes show: Key facts Buy to let loans declined slightly on a month-on-month basis down 1% in April in total loans, yet the value of the loans remained the same. Over the year from April 2013 loan numbers was up by 43% and values by 57% First time buyers had an increase of loan numbers by small 1% over the month, but 37% since April 2013. In values the lending was up 3% since March 2014 and 52% over the year. Total loans for remortgaging in April was up 6% and the value of these loans was up 11% over the month. Buy to let Details Buy-to-lending lending was valued with a total of £2.2bn in April...
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Banks lending statistics show increase in lending

The Bank of Englands Money and Credit statistics for March 2013 show that the lending for dwellings has increased again. The Banks release covers a wide set of money and creidt related statistics, including the Lending to Individuals and specifically that related to housing - termed dwellings.
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Strong yearly growth in mortgage lending continues

The Council of Mortgage Lenders data release today shows:Dip in mortgage lending in February, however this was seen as expected due to the seasonal impacts of this time of year. Year-on-year growth comparisons however remain strongTotal number of loans advanced for house-purchases for home-owners was basically unchanged in February, but saw a 33% increase against the February 2013 figures.First time buyers took out 22,000 loans, up slightly in volume against January 2014 but with a large 41% changed to February 2013Home movers took 26,200 loans for house purchase, a fall of 2.2% over the month by up 27% over the year.Gross Buy to Let lending was down by 1400 loans to 14,300 over the month from January, yet strong year-on-year increases where seen with a 39% rise compared to February 2013The value of those loans totalled £1.9bn which was down against January 2013 by 10% but was up against February 2013...
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First time Buyer loans up 28% according to CML

The Council of Mortgage Lenders (CML) Monthly Lending Trends data released yesterday shows: 16% fall in home-owner loans for house purchase in January 2014 compared with Dec 2013, however it is up 30% since January 2013 Seasonal dip in First Time Buyer and home movers compared to Dec 2013, yet substantial increase compared to the previous year. 10% increase in volume of remortgage lending Buy to Let lending 1. Gross BTL advances totalled 15,700 loans up by 8% against December 2013 and 17% against January 2013. 2. Total value of the loans was £2.1bn, and increase o 11% over the month and 40% compared to January 2013. Lending for home-owner house purchase 1. 16% fall in number of loans advanced over the month in January 2014, but up 30% against the previous year 2. 48,600 loans advanced in January with a value of £8bn, a decrease of 14% in value Paul...
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CM Regional Picture - Northern Ireland

The Council of Mortgage Lenders (CML) report on the housing market picture for Northern Ireland reports first time buyer lending up 29%.
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CML Regional Releases for Wales

Wales - 28% growth in first time buyers. In Wales the number of first time buyers increased in the fourth quarter quite substantially. The year-on-year growth against the 4th quarter of 2012, first time buyers were up by 28%. Against the 3rd quarter of 2013 they were up by 14%.
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First Time Buyers driving December 2013 increases

The Council of Mortgage Lenders new data for UK lending in December 2013 reports on the profile of lending across first-time buyers, home movers, remortgaging and buy-to-let. Total home owner loans for house purchases was up by 27% compared to December 2012 and first time buyer loans where also up strongly with 37% increase.
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CML sees slight fall in November but still strong

The CMLs Regulated Mortgage Survey for November 2013 shows that there was a slight slowdown in November against October figures. However overall November was still a strong month
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October 13 lending bounces back from September Fall

The Council of Mortgage Lenders October 2013 data released today shows that the seasonal fall in lending seen in September has not stuck and October has rebounded as expected.
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Record high for UK houshold debt and Increase in Property Debt

UK Housholds are at record levels of debt, with individuals now owing £1.43 trillion. Total lending to individuals secured on dwellings was also up by £1.2 billion to £15.7 billion. This was higher than the monthly average over the last 6 months, which was £1.0 billion.
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Highest lending levels since 2007 [CML]

The CML Regulated Mortgage Survey for September 2013 shows that although home-owner purchase lending fell, within the quarter itself lending was the highest level since 2007.
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