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Overdue homeowners are warned that a four pronged whammy will see the number of home repossessions increase. The latest forecast from the Council of Mortgage Lenders [...] The low size of the mortgage market shows that getting a mortgage remains problematic for first time buyers who tend not to have a substantial deposit. The CML explained that this was a seasonal effect due to the Easter holidays, [...] The subdued outlook for the UK mortgage market was underlined by the Bank of England.In the latest edition of its monthly Trends In Lending publication, it said it was uncertain whether or not lending would see much of a recovery this year. “Most major UK lenders continued to expect the stock of lending to pick up [...] UK mortgage lending rose slightly in March according to the major UK banks. The number of mortgages approved for house purchases stood at 34,905 in March, up 5% on the previous month, the British Bankers’ Association (BBA) said. There has been some evidence of the traditional spring bounce in the housing market in recent weeks with estate [...] The latest survey of Trends in Lending, published by the Bank of England, suggested that the market may now be about to pick up, albeit in a modest fashion. “Gross lending for house purchase increased in March according to data from the major UK lenders, and their mortgage approvals for house purchase rose after falls in [...] UK house sales are continuing to revive after their post Christmas slump official figures suggest. HM Revenue & Customs said sales rose by 13,000 in March from February to 72,000, a jump of 22%. The level of sales was also 24% higher than in March last year, when the market was at its most depressed. However, sales are [...] Interest rates were kept at their record low of 0.5pc when the Bank of England announced its latest policy decision last week. The Bank’s Monetary Policy Committee (MPC) held the cost of borrowing at 0.5pc, and did not alter the £200 billion it has so far spent on quantitative easing- or printing money, to support [...] Construction activity grew in March for the first time since 2008 with a resurgence in housebuilding. Despite job cuts across the industry continuing at a sharp rate, a growth in new orders fuelled an upturn in construction activity and fresh optimism among the sector, according to the Chartered Institute of Purchasing and Supply (CIPS). The CIPS/Markit Construction [...] Mortgage lending to UK house buyers is still subdued as the rush to beat the stamp duty deadline last year has held back fresh borrowing. The latest figures show that the number of mortgages approved in February by the big banks was 35,275, This was only just slightly higher than in January when 35,154 loans to home [...] Further rises in UK house prices may be held back by more properties coming on to the market, surveyors have said. The Royal Institution of Chartered Surveyors (Rics) says new instructions outpaced inquiries from new buyers in February.It was the second month in a row that this had happened. The rise in house prices during the past [...] Registered Office in England, 24 Charlton Drive, GL53 8ES, UK- 3506015 • Data Protection Registration Number- PZ5407728
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