Mortgage lending fell 14% in April home loans lenders find

Mortgage lending fell back in April due to seasonal factors the Council of Mortgage Lenders (CML) has found.
The total amount of new funds lent fell by 14% from March to £9.8 billion and was down 5% from April last year.

The figures point to the continued stagnation of the property market, with few sales and prices [...]

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June 6th, 2011 | Tags: , , , , , | Category: Credit Cards, Fixed Rate Mortgages, Home Loans, Homeowners, Housing, Lenders, Mortgage Lenders, Mortgages, Uncategorized, Variable Rate Mortgages | Leave a comment

Mortgage lending from UK banks still subdued

Mortgage lending by the UK’s main banks is still very subdued claims the British Bankers’ Association (BBA).
The number of new mortgages approved by its members for house purchase rose by just 1,482 in March to 31,660.

However, this was still 10% fewer than in March 2010 and suggests that activity in the coming months will remain [...]

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May 9th, 2011 | Tags: , , , , , | Category: Banks, Credit Cards, Credit Crunch, Debt Financing, Home Loans, Lenders, Mortgage Lenders, Mortgages, Re-Mortgager, Refinancing, Remortgages, Uncategorized | Leave a comment

End of paper payment system- unless you complain

Banks are asking consumers for their views on new payment technologies that will replace cheques by the end of the decade.
The Payments Council, which oversees UK payments strategy, is seeking views for the blueprint on how cash, cards and electronic payments operate.

The consultation will also cover mobile payments, tipped to be the main replacement for [...]

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May 5th, 2011 | Tags: , , , , , | Category: Banks, Building Societies, Credit Cards, Credit Crunch, Lenders, Uncategorized | Leave a comment
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