Bank of England says Mortgage approvals down in September

The number of loan approvals for house purchase was 61,267 in September, compared to the average of 64,720 over the previous six months. The number of approvals for remortgaging was 30,500, compared to the average of 31,632 over the previous six months.
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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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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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24% increase in First Time Buyers and 69% increase in Buy To Let

The Council of Mortgage Lenders today released their Monthly Lending Trends (MLT) press release which covers first-time buyer, home mover, remortgagor and buy-to-let lending. The total new loans for home-owners was up 4% over the month in March and up 17% over the year. Buy-to-let lending increased by 10% compared to February and 56% on last years figure.
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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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BoE reports lending on dwellings increased

The Bank of England today released its "Money and Credit" statistics for January 2014. In the release they have reported that the lending secured on dwellings has increased by £1.4 billion in January 2013, up from £1.2 billion on the previous 6 monthly average.
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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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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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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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Buy to Let lending and home-owner purchase up in July

The Council of Mortgage Lenders reported increases in July for the Gross UK Mortgage Lending, up to £16.7 billion - 12% increase from June and 29% since last July.
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BoE sees property lending Increase in April

The Bank of Englands Lending to Individuals, now encompassed within the Money and Credit report, shows an increase in overall lending and that secured on dwellings.
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Bank of England reports small increase in lending

The Bank of England March 2013 Lending to Individuals, now subsumed within their Money and Credit statistical report, reports that lending secured on dwellings increased by £0.4 billion.
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Bank of England shows 2012 lending finishes on the up

The Bank of England total lending to individuals (excluding student loans) rose by £1.7 billion in December, compared to the previous six-month average increase of £0.5 billion. The twelve-month growth rate was 0.7%.
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Bank of England sees fall in property related lending

The Bank of Englands November 2012 Lending Data shows that Lending secured on Property (or Dwellings) fell by £0.2 billion. This is in comparison to the previous 6 month average increase of £0.2billion.
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