Afternoon Sitting of Housing Committee
The Council of Mortgage Lenders estimates that gross mortgage lending reached £21.8 billion in October – 8% higher than September’s lending total of £20.1 billion. In addition to the month-on-month rise, lending rose 19% year-on-year, from £18.4 billion in October 2014. This is the highest monthly figure since gross lending reached £23.6 billion in July 2008.
Bob Pannell, CML chief economist, comments:
As lending in the regulated mortgage space picked up over the summer months, the pace of recovery has improved. This looks set to continue over the closing months of the year with the factors helping support this recovery continuing to be low inflation, strong wage growth, an improving labour market and competitive mortgage deals.
As a result lending this year is likely to exceed our forecast of £209 billion, though affordability pressures will limit business volumes for first-time buyers and movers meaning that we think the market has only modest further upside potential over the short-term.
Further Reading
UK House Price Index September 2015
Bank of England dampens prospects of early UK rate rise >Raising interest rates to deal with housing market problems would hit the rest of the economy too hard
New right-to-buy boom: 1,000 people a week signing up to housing association sell-off ahead of launch of new scheme
Osborne says tougher buy-to-let regulation on its way
Government launches National Infrastructure Commission to get Britain building
Draw up plans to build more homes in two years... or we'll do it for you: PM's threat to reluctant town halls
countrywide PLC sees a direct threat from online real estate agents like for like ?
Almost twice as many brits believe that property makes better use of cash then isa , pensions stock , shares ,premium bonds
Mortgage advances pick up in the third quarter says CML
Property shortages keep driving up house prices, say experts
Historic Housing and Planning Bill will transform generation rent into generation buy
TfL releases land for 10,000 homes across the Capital
Boris tells planners & developers to put culture first for city development
House Prices will continue to rise & construction of more not the answer
Taylor Wimpey CEO Peter Redfern will lead Labour Housing Redfern Review
London real estate most overpriced property globally, warns UBS
House Prices ,Mortgage applications , interest rates house building update
Sadiq Khan Housing Crisis Update Fair rental prices
How low can you go ? speech by Andy Haldane BoE Chief Economist
London’s housing crisis > Blue and Red debates @ London Mayor Question Time
reaching more people with our property fraud advice Land Registry
Bank of England concerns over Property buy-to-let boom
Britain Inflation and housing: joined at the hip
The European Union, monetary and financial stability, and the Bank of England - speech by Mark Carney
Zac Goldsmith: housing crisis number one priority in London – what needs to be done
TfL could help fix London’s housing Crisis as well as our trains
A question from Matthew > PMQs Jeremy Corbyn MP vs The Prime Minister David Cameron
Labour conference: Sadiq Khan >"I'm going to make the election a referendum on London's housing crisis"
Newly Elected Labour Candidate, for Mayor of London, Sadiq Khan, outlines his Housing Policies
What Jeremy Corbyn's leadership victory may mean for housing policy in the UK
Marie's Question >Jeremy Corbyn The New Labour Leader takes his seat in the Houses of Parliament
Building Markets for the Good of People > BoE Open Forum
Government ministers and housing association leaders have negotiated a deal to extend the right-to-buy policy
Historic Housing and Planning Bill will transform generation rent into generation buy
How low can you go ? speech by Andy Haldane BoE Chief Economist
Three Truths about Finance - Governor of BoE - Mark Carney
Mortgage Lenders and Administrators statistics Bank of England Sept 2015
Osborne says tougher buy-to-let regulation on its way
House Prices will continue to rise & construction of more not the answer
Right To Buy Homes Urgent Parliament questions with Brandon Lewis UK housing Minster
Borrowing figures in the mortgage market remain strong as customers take advantage of record low interest rates
property eCommerce is booming !
Residential sales Move up despite lack of property Stock
Government ministers and housing association leaders have negotiated a deal to extend the right-to-buy policy
Comments
Post a Comment