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28/09/2001
Analysts warn of decrease in mortgage demand
The British Bankers’ Association (BBA) has warned of a possible slowdown in the levels of mortgage lending.
While levels of mortgage lending showed an increase during August, analysts have predicted that signs are already present to indicate an imminent decrease in demand, and have highlighted that approvals for new loans were ‘noticeably lower’ during the July-August period.
However, such indications can be interpreted as being indicative of the expected seasonal trend, as demand for mortgages traditionally falls to a lower level in the autumn months.
However, during the period of August, major banks also reported a slower-than-expected rise in consumer credit of £837 million, a figure which confirms a gradual downward trend in the levels of personal lending.
Concerns have also been voiced over the potential long-term effects of the US terror attacks on consumer confidence, which could lead to greatly reduced activity in the housing sector. (CL)
While levels of mortgage lending showed an increase during August, analysts have predicted that signs are already present to indicate an imminent decrease in demand, and have highlighted that approvals for new loans were ‘noticeably lower’ during the July-August period.
However, such indications can be interpreted as being indicative of the expected seasonal trend, as demand for mortgages traditionally falls to a lower level in the autumn months.
However, during the period of August, major banks also reported a slower-than-expected rise in consumer credit of £837 million, a figure which confirms a gradual downward trend in the levels of personal lending.
Concerns have also been voiced over the potential long-term effects of the US terror attacks on consumer confidence, which could lead to greatly reduced activity in the housing sector. (CL)
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01 March 2002
Credit card spending slows as mortgage demand grows
Consumer borrowing slowed in January due to more moderate credit card spending after Christmas. Total lending to individuals, including mortgages, bank loans and credit card spending, grew by £6.9 billion in January, £200 million less than in December. Credit card spending and overdraft borrowing expanded by £1.6 billion, down from £2.
Credit card spending slows as mortgage demand grows
Consumer borrowing slowed in January due to more moderate credit card spending after Christmas. Total lending to individuals, including mortgages, bank loans and credit card spending, grew by £6.9 billion in January, £200 million less than in December. Credit card spending and overdraft borrowing expanded by £1.6 billion, down from £2.
18 October 2001
Mortgage lending drops following previous record month
Mortgage lenders have reported a fall in demand for home loans in September. The Council of Mortgage Lenders (CML) said mortgage lending by banks and building societies fell to £14.3bn last month, from a record £16.
Mortgage lending drops following previous record month
Mortgage lenders have reported a fall in demand for home loans in September. The Council of Mortgage Lenders (CML) said mortgage lending by banks and building societies fell to £14.3bn last month, from a record £16.
28 August 2001
New mortgage demand set to fall following peak in applications
The British Bankers' Association (BBA) has revealed that the demand for new mortgages looks set to fall this autumn following a record level of mortgage lending last month.
New mortgage demand set to fall following peak in applications
The British Bankers' Association (BBA) has revealed that the demand for new mortgages looks set to fall this autumn following a record level of mortgage lending last month.
26 November 2004
Mortgage lending falls for fifth consecutive month
The latest figures from the British Banking Association (BBA) have revealed that mortgage lending has fallen for the fifth successive month and the market value for mortgages is down for the second year in a row. The BBA said that gross mortgage lending in October, which stood at £15.1 billion, was £1.2 billion lower than September, and 15.
Mortgage lending falls for fifth consecutive month
The latest figures from the British Banking Association (BBA) have revealed that mortgage lending has fallen for the fifth successive month and the market value for mortgages is down for the second year in a row. The BBA said that gross mortgage lending in October, which stood at £15.1 billion, was £1.2 billion lower than September, and 15.
20 January 2006
Mortgage lending shows strong growth
Mortgage lending was strong at the end of 2005, according to the latest figures from the Council of Mortgage Lenders. The CML said that an estimated £26.3 billion was lent to borrowers in December, a 25% increase on figures from the same month in 2004.
Mortgage lending shows strong growth
Mortgage lending was strong at the end of 2005, according to the latest figures from the Council of Mortgage Lenders. The CML said that an estimated £26.3 billion was lent to borrowers in December, a 25% increase on figures from the same month in 2004.
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