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May 21st
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News related to lending

Surge in mortgage applications from UK home buyers as fixed rates fall
2013-05-21 09:38:10 [Europe]

Total mortgage applications in the UK last month were up by more than 50% year on year, fuelled by a monthly spike of 10% according to the National Mortgage Index from Mortgage Advice Bureau, the UK’s leading independent mortgage broker.
Read full article: [Surge in mortgage applications from UK home buyers as fixed rates fall]
 
More UK home owners go for improvements rather than moving, research shows
2013-05-20 13:08:02 [Europe]

Property owners across the UK are increasingly investing to improve their homes rather than looking to move during the current economic climate, new research suggests.
Read full article: [More UK home owners go for improvements rather than moving, research shows]
 
Property lending increasing across most of Australia, latest figures show
2013-05-16 07:13:13 [Australasia]

Lending for new homes in Australia increased across nearly all categories during March which points to a strengthening of market activity, according to the Housing Industry Association, the voice of the country’s residential building industry.
Read full article: [Property lending increasing across most of Australia, latest figures show]
 
Warning over increase in mortgage fraud targeted at landlords and property investors
2013-05-15 10:17:45 [Europe]

There has been a sharp rise in the number of unscrupulous property agents and discount websites who lull property investors and landlords into a false sense of security, claiming they can buy a property without putting any money down and involving them in mortgage fraud, it has been revealed.
Read full article: [Warning over increase in mortgage fraud targeted at landlords and property investors]
 
Latest CML figures suggest first time buyers are getting more mortgages approved
2013-05-14 11:26:47 [Europe]

First time buyer activity in the UK remained strong in March with the number increasing by 20% according to data published today (Tuesday 14 May) by the Council of Mortgage Lenders.
Read full article: [Latest CML figures suggest first time buyers are getting more mortgages approved]
 
Survey reveals inadequate knowledge of the mortgage market among US buyers
2013-05-10 16:23:00 [North America]

After several years of depressed demand for homes, buyers in the United States are returning to the market in droves but many are ill prepared when it comes to applying for a mortgage, according to a new survey.
Read full article: [Survey reveals inadequate knowledge of the mortgage market among US buyers]
 
Latest figures show UK buy to let lending is on the increase
2013-05-10 08:56:18 [Europe]

The buy to let mortgage market in the UK is performing well again a backdrop of robust demand and is growing as an overall proportion of the property lending market, according to the Council of Mortgage Lenders.
Read full article: [Latest figures show UK buy to let lending is on the increase]
 
Help to Buy will not stimulate UK housing market as much as govt claims
2013-05-09 11:00:05 [Europe]

New government measures, designed to help credit worthy buyers on and up the housing ladder, will stimulate the property market and boost house building, according to leading property advisors Savills, but not as much as the government has claimed.
 
Read full article: [Help to Buy will not stimulate UK housing market as much as govt claims]
 
Building Societies urge UK govt to adopt more holistic approach to property lending
2013-05-09 09:40:36 [Europe]

The UK government should adopt a more holistic approach to managing the housing market as there are potential choppy water ahead in relation to changing capital requirements, it is claimed.
Read full article: [Building Societies urge UK govt to adopt more holistic approach to property lending]
 
Lending by mutuals and building societies up in March
2013-05-06 07:24:22 [Europe]

Gross mortgage lending by building societies and other mutual lenders was £2.9 billion in March, up by 8% compared to the same month last year, the latest figures show.
Read full article: [Lending by mutuals and building societies up in March]
 
Leeds Building Society reduced rate on first time buyer mortgage
2013-05-02 14:46:30 [Finance Update]

Leeds Building Society has reduced the rate on its popular first time buyer mortgage by up to 0.5% in a move it says will help more onto the property ladder.
Read full article: [Leeds Building Society reduced rate on first time buyer mortgage]
 
UK borrowers on interest only mortgages that mature before 2020 urged to check their finances
2013-05-02 12:36:04 [Europe]

Lenders in the UK are to contact all borrowers with interest only mortgages as some are in danger of not having enough to pay off their loans and could end up having to sell their home if they don't take action now.
Read full article: [UK borrowers on interest only mortgages that mature before 2020 urged to check their finances]
 
First people to buy through UK’s Help to Buy scheme move in
2013-05-01 14:09:13 [Europe]

The first people to buy their home under the UK’s new £4.5 billion Help to Buy scheme have the keys to their new three bedroom semi detached house.
Read full article: [First people to buy through UK’s Help to Buy scheme move in]
 
Nationwide’s Save to Buy scheme now two years old
2013-05-01 11:55:47 [Finance Update]

UK lender, the Nationwide Building Society, is celebrating the second anniversary of its Save to Buy scheme which it says is helping tens of thousands of aspiring home buyers move a step closer to buying a property of their own.
Read full article: [Nationwide’s Save to Buy scheme now two years old]
 
Bank of England extends flagship Funding for Lending Scheme
2013-04-25 13:40:03 [Europe]

The decision by the Bank of England to extend its flagship Funding for Lending scheme has been widely welcomed with experts saying that the move will help growth in the mortgage market.
Read full article: [Bank of England extends flagship Funding for Lending Scheme]
 
Mortgage broker sees surge in let to buy lending
2013-04-24 13:26:17 [Europe]

Let to buy, where a borrower keeps their existing home to rent out and buys a new main residence, is increasing as owners see it as giving them more control and less stress, it is claimed.
Read full article: [Mortgage broker sees surge in let to buy lending]
 
CML estimates 9% increase in lending but experts say market is being propped up
2013-04-19 14:15:15 [Europe]

The Council of Mortgage Lenders estimates that total gross mortgage lending increased to £11.6 billion in March, some 9% higher than the previous month.
Read full article: [CML estimates 9% increase in lending but experts say market is being propped up]
 
French mortgages get lower as lenders compete for custom
2013-04-19 11:26:46 [Europe]

French banks are increasingly competitive in terms of mortgages and overseas buyers can now access finance at some of the best rates seen for a long time, it is claimed.
Read full article: [French mortgages get lower as lenders compete for custom]
 
Mortgage activity in the UK increased by 25% in the first quarter of 2013, MAB data shows
2013-04-17 09:18:54 [Europe]

Figures published in the last few days have shown that property lending has been falling in the UK but the latest quarterly figures from the Mortgage Advice Bureau are more hopeful.
Read full article: [Mortgage activity in the UK increased by 25% in the first quarter of 2013, MAB data shows]
 
Home borrowers in the UK urged to check out fees on reduced mortgage products
2013-04-17 08:26:45 [Europe]

As a number of lenders in the UK announce lower rates for their home buying mortgages, consumers are being warned to check fees before committing themselves.
Read full article: [Home borrowers in the UK urged to check out fees on reduced mortgage products]
 
New home lending improving in Australia
2013-04-16 13:35:34 [Australasia]

Lending for new homes in Australia continued to make modest improvements in February 2013, according to the latest Australia Bureau of Statistics Housing Finance figures.
Read full article: [New home lending improving in Australia]
 
Halifax reduces NewBuy, Shared Equity and Shared ownership mortgage rates
2013-04-15 15:49:14 [Finance Update]

The Halifax, one of the UK’s leading lender has reduced the rates across its NewBuy, Shared Equity and Shared Ownership mortgages in a move which it says further strengthens its support of the affordable housing sector.
Read full article: [Halifax reduces NewBuy, Shared Equity and Shared ownership mortgage rates]
 
Loans for home buying fall overall in the UK, latest CML figures show
2013-04-15 15:26:27 [Europe]

Lending to home movers in the UK fell in February for the third consecutive month, but activity in the first time buyer lending sector improved, and is now 17% stronger than a year ago.
Read full article: [Loans for home buying fall overall in the UK, latest CML figures show]
 
UK mortgage market regressing, falling 7% last month, data shows
2013-04-15 10:43:57 [Europe]

House purchase lending in the UK fell by 7% in March to its lowest since August 2012 despite new initiatives like Funding for Lending, the latest figures show.
Read full article: [UK mortgage market regressing, falling 7% last month, data shows]
 
People still aspire to home ownership but many feel current financial barriers are too great
2013-04-10 14:31:42 [Europe]

While home ownership is still the long term choice for most British adults, would be buyers are encountering a number of barriers to buying and moving, a new survey has found.
Read full article: [People still aspire to home ownership but many feel current financial barriers are too great]
 
IMLA calls for new Help to Buy scheme not to distort lender competition in the UK
2013-04-08 16:22:27 [Europe]

The Intermediary Mortgage Lenders Association (IMLA) has called on the UK government to ensure the recently announced Help to Buy mortgage guarantee scheme does not cause confusion in the housing market by creating double standards or distorting lender competition.
Read full article: [IMLA calls for new Help to Buy scheme not to distort lender competition in the UK]
 
Mortgage approvals in the UK down for second month in a row
2013-04-02 15:44:07 [Europe]

Figures published today (Tuesday 02 April) by the Bank of England confirm that while the overall value of mortgage lending increased in February, actual mortgage approvals fell.
Read full article: [Mortgage approvals in the UK down for second month in a row]
 
Home approvals and remortgaging falls in the UK
2013-03-25 13:29:51 [Europe]

Approvals for house purchases and remortgaging in the UK have each fallen year on year, although net mortgage borrowing from the banks grew by 0.1% last month, the latest figures from the British Bankers’ Association shows.
Read full article: [Home approvals and remortgaging falls in the UK]
 
UK’s new Help to Buy impact on London property market assessed
2013-03-22 11:27:46 [Europe]

The UK’s Help to Buy property scheme is the first initiative that should have an impact on the London property market, it is claimed, with the property market wanting first time buyers who can't afford the city's high prices to benefit.
Read full article: [UK’s new Help to Buy impact on London property market assessed]
 
Warnings that UK’s new Help to Buy scheme could create a property bubble
2013-03-21 09:25:41 [Europe]

The range of measures announced under the new Help to Buy scheme to boost the housing market in the UK are much needed but house prices will need to be monitored amid fears of a housing bubble, it is claimed.
Read full article: [Warnings that UK’s new Help to Buy scheme could create a property bubble]
 
Mixed reaction to new boost for UK housing market; many want to see the details
2013-03-20 16:31:37 [Europe]

There has been a mixed reaction to the new boost for the UK residential property market announced today with the Help to Buy plan generally welcomed but some experts voicing scepticism.
Read full article: [Mixed reaction to new boost for UK housing market; many want to see the details]
 
CML and other lenders welcome new Help to Buy scheme in the UK
2013-03-20 15:14:14 [Europe]

Buyers in the UK at all levels will be helped by a new scheme which includes a government guarantee allowing lenders to provide more loans to people with smaller deposits.
Read full article: [CML and other lenders welcome new Help to Buy scheme in the UK]
 
New Help to Buy scheme announced to boost UK property market
2013-03-20 13:50:24 [Europe]

UK Chancellor George Osborne today (Wednesday 20 March) pledged to get the property market moving again with a new Help to Buy scheme worth $130 billion and faster planning processes.
Read full article: [New Help to Buy scheme announced to boost UK property market]
 
UK residential property lending figures blow on Budget Day
2013-03-20 11:09:30 [Europe]

Just as the UK Chancellor George Osborne prepares to deliver his 2013 Budget new figures from the Council of Mortgage Lenders published today present a pessimistic outlook for lending in the UK property market.
Read full article: [UK residential property lending figures blow on Budget Day]
 
Funding for first time buyers is improving but many more houses need to be built, say lenders
2013-03-20 09:34:46 [Europe]

Consumer sentiment in the UK housing market is improving but many new homes are needed and access to finance is still proving to be a barrier.
Read full article: [Funding for first time buyers is improving but many more houses need to be built, say lenders]
 
UK property industry wants Chancellor to boost property construction
2013-03-18 10:53:00 [Europe]

The British Chancellor of the exchequer, George Osborne, is being urged by the property industry to increase the building of new homes and take positive moves to boost the real estate markets when he issues his new Budget this week.
Read full article: [UK property industry wants Chancellor to boost property construction]
 
Mortgages in the UK reach their highest level for a January since 2008
2013-03-14 11:29:18 [Europe]

House purchase lending recorded its highest January total since 2008, according to new data released today (Thursday 14 March) by the Council of Mortgage Lenders.
Read full article: [Mortgages in the UK reach their highest level for a January since 2008]
 
Lending to first time buyers improves in Northern Ireland
2013-03-13 09:07:30 [Europe]

Lending to first time buyers increased in the final quarter of last year in Northern Ireland, contributing to the largest number of loans to first time buyers in a single year since 2007.
Read full article: [Lending to first time buyers improves in Northern Ireland]
 
Lending to first time buyers in Wales reached five year high in 2012
2013-03-12 10:33:09 [Europe]

The number of loans advanced to first time buyers in Wales reached its largest yearly total in five years, according to the latest data released from the Council of Mortgage Lenders in Wales.
Read full article: [Lending to first time buyers in Wales reached five year high in 2012]
 
Number of first time buyers in Scotland reached four year high in 2012
2013-03-11 09:04:48 [Europe]

The number of first time buyers in Scotland rose to the largest annual total in four years, according to the latest data from the Council of Mortgage Lenders in Scotland.
Read full article: [Number of first time buyers in Scotland reached four year high in 2012]
 
Saudi property market to be opened up to foreign lenders
2013-03-08 12:34:46 [Middle East]

The residential property market in Saudi Arabia is set to be transformed with the country’s central bank allowing foreign companies to provide mortgages, it is claimed.
Read full article: [Saudi property market to be opened up to foreign lenders]
 
UK mortgage approvals fall for second month in a row
2013-03-08 12:15:55 [Europe]

Mortgage approvals fell to their lowest level in seven months in the UK in February due to weakening borrower demand and lower than expected uptake of the government’s flagship Funding for Lending Scheme by banks.
Read full article: [UK mortgage approvals fall for second month in a row]
 
UK remortgaging activity drops drastically, new research shows
2013-02-25 09:32:01 [Europe]

At the end of 2012 remortgaging activity in the UK was just a quarter of the levels seen at the start of 2008, according to new research from Lloyds TSB.
Read full article: [UK remortgaging activity drops drastically, new research shows]
 
Fall in gross mortgage lending in the UK shrugged off by experts
2013-02-20 15:39:56 [Europe]

Total gross mortgage lending in the UK declined to £10.4 billion in January, according to the latest estimates published by the Council of Mortgage Lenders.
Read full article: [Fall in gross mortgage lending in the UK shrugged off by experts]
 
CML figures confirm a positive outlook for buy to let lending in the UK
2013-02-14 10:24:12 [Europe]

Buy to let lending in the UK accounted for 11.5% of total gross mortgage lending in 2012, up from 9.8% in 2011, according to full year data released today (Thursday 14 February) by the Council of Mortgage Lenders.
Read full article: [CML figures confirm a positive outlook for buy to let lending in the UK]
 
Surge in mortgage approvals set to boost UK property market
2013-02-13 14:58:36 [Europe]

UK mortgage approval hit a four year high last month, up 17% and making it the best month since the 2008 financial crisis, new data shows.
Read full article: [Surge in mortgage approvals set to boost UK property market]
 
Latest mortgage figures show more lending going to UK first time buyers
2013-02-12 12:59:19 [Europe]

The number of first time buyers in the UK have reached its largest yearly total in five years, according to new data released today (Tuesday 12 February) by the Council of Mortgage Lenders.
Read full article: [Latest mortgage figures show more lending going to UK first time buyers]
 
Lending for new homes subdued but overall property prices recovering in Australia
2013-02-11 13:07:04 [Australasia]

New home lending remained subdued at the end of 2012 with loans for the construction and purchase of new properties increasing by 1.4% but down 0.5% on a quarterly basis.
Read full article: [Lending for new homes subdued but overall property prices recovering in Australia]
 
Growth in bridging loans outpacing traditional mortgages in the UK
2013-02-11 09:33:14 [Europe]

Growth in traditional mortgage lending in the UK at 1.4% is being outpaced 50 times by annual growth in secured short term lending which reached 72%, it is claimed.
Read full article: [Growth in bridging loans outpacing traditional mortgages in the UK]
 
Mortgage brokers in the UK grow in confidence as mortgage availability improves
2013-02-07 14:48:29 [Europe]

Intermediaries are currently more confident about mortgage market conditions in the UK than at any point in the last 12 months but they are not quite as optimistic as lenders, a new survey shows.
Read full article: [Mortgage brokers in the UK grow in confidence as mortgage availability improves]
 



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