· Fix your mortgage now and don’t be lulled by base rate promises. "The danger of headlines such as ‘Low mortgage rates for years’ is that it can lull some borrowers into a.
According to the U.S. Census Bureau News report on October 28, 2014, residential homeownership has fallen to a 19-year low within the past year. Many industry experts initially believed this was due to student loan debt combined with a limited corporate job pool for recent Millennial* grads.
Mortgage lending continued to be sluggish in February, with some commentators increasingly worried about this ‘lull’ in the market. Figures from the Council of Mortgage Lenders trade body showed gross mortgage lending was 13.4bn in February, 9% down on both the previous month and the same point last year.
18 September 2014 | By Paul Thomas Gross lending shot up 13 per cent year-on-year in August, according to figures published today by the Council of Mortgage Lenders. Lenders advanced £18.6bn in August, up from £16.4bn in the same month last year. On a monthly basis, lending was down 5 per cent from the £19.7bn lent in July. While lending was up year-on-year, CML chief economist bob pannell.
However, the largest private lenders have nearly as impressive figures. Here are the top ten private mortgage lenders by loan volume in 2014:.
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Mortgage Lending Soars in First Three Months of the Year. At first glance the news regarding the rise in mortgage lending in the first quarter of 2014 would seem to support the theory that the housing market is looking better by the day.
The Council of Mortgage Lenders today released new data on the characteristics of UK mortgage lending in January 2015, broken down to show first-time buyer, home mover, remortgage and buy-to-let.
Rates for home loans fell again, taking the benchmark product below a key threshold, as global economic concerns rocked markets. The 30-year fixed-rate mortgage averaged 3.99% in the May 30 week.
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First time buyers in the UK saw a drop in lending in January compared to the previous month and the same month in 2014, according to the Council of Mortgage Lenders. There were 19,000 loans advanced to first time buyers January, down 27% on December and 14% compared to January 2014.