The latest official data show that mortgage lenders’ claims for home repossession in England and Wales rose to the highest since late 2014 during the three months to June, this year.
Read MoreFirst time buyers are back in the market
First time buyers are back with a vengeance borrowing £5.9 billion in June, up 26% on June and 9% on the same month in 2016, the Council of Mortgage Lenders latest figures…
Read MoreHas the London rental market topped out?
The pressures and costs of living in the capital are persuading many tenants to look elsewhere to live as demand within the London rental market ‘slides’, it has been claimed. According to the…
Read MoreCML predicts fewer buy-to-let property purchases in 2017
The Council of Mortgage Lenders (CML) says the number of houses bought by landlords next year is likely to fall as several headwinds reduce demand for buy-to-let property. This includes the recently-introduced…
Read MoreMortgage lending up to £18.2 billion in May
CML reports the highest figure since 2008 and they “don’t expect significant house price falls.”
Read MoreNew Innovation Centre opens
CML Software has made the surprise announcement that it is opening a new office, aimed purely at innovating using new technologies, at the historic Cromford Mills, within striking distance of Derby. The…
Read MoreHSBC quits CML
The HSBC has said that it will leave the CML by the end of 2016 as industry trade bodies get set to merge – and Barclays could follow. The bank has handed…
Read MoreMortgage lending at seven-year high
Gross mortgage lending rose by eight per cent in 2015, taking the estimated total for the year to £220.3 billion compared with £203.3 billion in 2014, according to the Council of Mortgage…
Read More