Mortgage News
CML: Bank of England June lending data
The latest figures from the Bank of England show 47,584 loans approved for house purchase in June, up from 44,169 in May, and the highest level since April 2008.
Building society lending shows signs of stabilising
Gross mortgage lending by building societies was £1,976 million in June 2009, compared to £3,254 million in June 2008, according to the Building Societies Association (BSA).
Mortgage approvals rise in June
The increase in total net lending to individuals in June (£0.4 billion) was lower than both the May increase (£0.5 billion) and the previous six-month average, according figures from the Bank of England (BoE).
Abbey's new lending criteria
Commenting on Abbey's new lending criteria, Louise Cuming, head of mortgages at moneysupermarket.com said: "Taking a more conservative approach to mortgages into retirement is a sensible move from Abbey, and one which we expect other providers to follow as lenders move to ensure the long term affordability of mortgage debts.
Mortgage applications rise at Clydesdale Bank
Mortgage applications have continued to rise at Clydesdale Bank due to a range of initiatives introduced to support borrowers.
moneysupermarket.com mortgage advice team win award
The mortgage advice team at the UK's number one price comparison site have been awarded the What Mortgage ‘Best Overall Adviser 2009' title after receiving the highest number of consumer votes.
Mortgage approvals up in June
There were modest increases in gross and net mortgage lending as a result of more new home loans being approved in recent months, according to the British Bankers’ Association (BBA).
Aviva reacts to Which? mystery shop
Dominic Fraser-Smith, group product manager for UK Life, Aviva comments on the findings of the Which? equity release mystery shop: "The findings of this mystery shop highlight the importance of consumers seeking specialist advice.
SHIP responds to Which? mystery shopping exercise
Andrea Rozario, Director General of SHIP - the UK's leading professional body for equity release product providers - comments on Which?'s equity release mystery shopping exercise:
Two thirds of equity release advisers fail Which? test
Two thirds of financial advisers failed to pass all the benchmarks for giving good advice on equity release in an undercover investigation carried out by consumer champion Which?
Lloyds TSB launches 'Easy Step' homebuyer mortgage
Lloyds TSB has launched a new mortgage, designed to help ease the financial pressure of buying a home.
Mortgage lending up in June
Gross mortgage lending in June was an estimated £12.3 billion, a 17% increase from £10.5 billion in May and a 48% decline from £23.8 billion in June 2008, according to new data from the Council of Mortgage Lenders.
Mortgage product shelf life halved in a month
The latest issue of the monthly Moneyfacts Treasury Report on UK Mortgage Trends has given additional insight into one of many repercussions of a volatile and turbulent mortgage market.
How do first time buyers plan to secure the funds?
As house prices continue to fall, research from moneysupermarket.com found 13 per cent of 18-34 year olds are considering stepping on to the property ladder for the first time in the next 12 months.
Homebuyers continue to place trust with intermediaries
Mortgage intermediaries continue to dominate mortgage lending, despite the increased focus by some lenders on direct distribution, industry figures have revealed.