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Second charge lending hits £143.3m in Q2

Second charge lending hits £143.3m in Q2

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Second charge lending hits £143.3m in Q2
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Second charge lending hits £143.3m in Q2
Second charge lending hits £143.3m in Q2
Second charge lending hits £143.3m in Q2
Second charge lending hits £143.3m in Q2
The voice of the UK mortgage i... The voice of the UK ... | 1 year ago
It says that Q2 lending for this year is up 7.25% on an “already record-breaking Q1” and that lending year to date has reached £840.2m. In total, £143.3m was lent through a second charge mortgage as summer began, and while this is a 5.03% drop on May’s figure, Loans Warehouse says it is a 37.41% increase on June 2021. The number of completions posted in June fell 2% on the month, coming to 3.014, and the average completion time equalled 17.25 days. i...
It says that Q2 lending for this year is up 7.25% on an “already record-breaking Q1” and that lending year to date has reached £840.2m. In total, £143.3m was lent through a second charge mortgage as summer began, and while this is a 5.03% drop on May’s figure, Loans Warehouse says it is a 37.41% increase on June 2021. The number of completions posted in June fell 2% on the month, coming to 3.014, and the average completion time equalled 17.25 days. i...
Pepper Money second charge mortgage book tops £1bn
Pepper Money second charge mortgage book tops £1bn
Pepper Money second charge mortgage book tops £1bn
Pepper Money second charge mortgage book tops £1bn
The voice of the UK mortgage i... The voice of the UK ... | 1 year ago
Pepper Money says the value of its second charge mortgage book has topped £1bn. The specialist lender says the milestone comes after the business has closed five securitisations under the Castell securitisation platform and originated more than £1.8bn of second charge mortgages in total, with £800m worth of loans having already been redeemed. Pepper Money ... This story continues at Pepper Money second charge mortgage book tops £1bn Or just read more coverage at Mortgage Finance Gazette
Pepper Money says the value of its second charge mortgage book has topped £1bn. The specialist lender says the milestone comes after the business has closed five securitisations under the Castell securitisation platform and originated more than £1.8bn of second charge mortgages in total, with £800m worth of loans having already been redeemed. Pepper Money ... This story continues at Pepper Money second charge mortgage book tops £1bn Or just read more coverage at Mortgage Finance Gazette
Second charge business up £53m in year to March
Second charge business up £53m in year to March
Second charge business up £53m in year to March
Second charge business up £53m in year to March
The voice of the UK mortgage i... The voice of the UK ... | 1 year ago
The volume of second charge mortgage new business grew by 42% in the year to March 2022, according to the latest figures from the Finance and Leasing Association (FLA). The total number of new agreements in March was 3,058, worth £139m, representing a £53m increase compared to the previous year. The figure also represents an ... This story continues at Second charge business up £53m in year to March Or just read more coverage at Mortgage Finance Gazette
The volume of second charge mortgage new business grew by 42% in the year to March 2022, according to the latest figures from the Finance and Leasing Association (FLA). The total number of new agreements in March was 3,058, worth £139m, representing a £53m increase compared to the previous year. The figure also represents an ... This story continues at Second charge business up £53m in year to March Or just read more coverage at Mortgage Finance Gazette
Investec hits new record of £1.2bn in lending
Investec hits new record of £1.2bn in lending
Investec hits new record of £1.2bn in lending
Investec hits new record of £1.2bn in lending
The voice of the UK mortgage i... The voice of the UK ... | 1 year ago
The £1.2bn comprised £524m of investment finance and £472m of development finance, with a slight weighting towards commercial real estate (55%).  Investec revealed it has lent against real estate schemes including residential for sale, Build to Rent, mid box logistics, purpose built student accommodation (PBSA), office, mixed use and retirement living.  During the period, Investec closed £400m of residential for sale and Build to Rent lending, including ...
The £1.2bn comprised £524m of investment finance and £472m of development finance, with a slight weighting towards commercial real estate (55%).  Investec revealed it has lent against real estate schemes including residential for sale, Build to Rent, mid box logistics, purpose built student accommodation (PBSA), office, mixed use and retirement living.  During the period, Investec closed £400m of residential for sale and Build to Rent lending, including ...
How fraudsters target mortgage lending
How fraudsters target mortgage lending
How fraudsters target mortgage lending
How fraudsters target mortgage lending
In-depth analysis, data and st... In-depth analysis, d... | 2 years ago
360 Dotnet hits new record after exceeding £10bn in total lending
360 Dotnet hits new record after exceeding £10bn in total lending
360 Dotnet hits new record after exceeding £10bn in total lending
360 Dotnet hits new record after exceeding £10bn in total lending
The voice of the UK mortgage i... The voice of the UK ... | 2 years ago
Fintech software supplier 360 Dotnet has revealed record Q1 2022 figures, after exceeding £10bn in total lending for first time. The Q1 2022 results showed that lending had increased 20% from Q1 2021 by an additional £1.8bn. NatWest showed the biggest increase in lending with 65% overtaking Halifax in the top lender spot for 360 ... This story continues at 360 Dotnet hits new record after exceeding £10bn in total lending Or just read more coverage at Mortgage Finance Gazette
Fintech software supplier 360 Dotnet has revealed record Q1 2022 figures, after exceeding £10bn in total lending for first time. The Q1 2022 results showed that lending had increased 20% from Q1 2021 by an additional £1.8bn. NatWest showed the biggest increase in lending with 65% overtaking Halifax in the top lender spot for 360 ... This story continues at 360 Dotnet hits new record after exceeding £10bn in total lending Or just read more coverage at Mortgage Finance Gazette
Two and five-year fixed rates closest in nine years
Two and five-year fixed rates closest in nine years
Two and five-year fixed rates closest in nine years
Two and five-year fixed rates closest in nine years
The voice of the UK mortgage i... The voice of the UK ... | 2 years ago
The margin between two-year and five-year fixed rates is the smallest since February 2013 at 0.15%, as the average fixed rates reached a five year high, according to the latest data from Moneyfacts. The average two-year fixed rate was revealed as 2.86% for April and is the highest since June 2015 after increasing by 0.21% ... This story continues at Two and five-year fixed rates closest in nine years Or just read more coverage at Mortgage Finance Gazette
The margin between two-year and five-year fixed rates is the smallest since February 2013 at 0.15%, as the average fixed rates reached a five year high, according to the latest data from Moneyfacts. The average two-year fixed rate was revealed as 2.86% for April and is the highest since June 2015 after increasing by 0.21% ... This story continues at Two and five-year fixed rates closest in nine years Or just read more coverage at Mortgage Finance Gazette
New record set for stamp duty receipts in year to June
New record set for stamp duty receipts in year to June
New record set for stamp duty receipts in year to June
New record set for stamp duty receipts in year to June
The voice of the UK mortgage i... The voice of the UK ... | 1 year ago
This is a significant 47% increase on the same period last year, when the total raised was £4.2bn — according to analysis of HMRC receipts by Coventry Building Society.  Last year was a record year for stamp duty receipts, so this big jump suggests that 2022 could set a new record, generating another bumper payday for the Treasury.  Higher receipts are being driven by a buoyant housing market and rising prices, with threshold for SDLT remaining frozen. ...
This is a significant 47% increase on the same period last year, when the total raised was £4.2bn — according to analysis of HMRC receipts by Coventry Building Society.  Last year was a record year for stamp duty receipts, so this big jump suggests that 2022 could set a new record, generating another bumper payday for the Treasury.  Higher receipts are being driven by a buoyant housing market and rising prices, with threshold for SDLT remaining frozen. ...
June remortgage repayments jump by £236: LMS
June remortgage repayments jump by £236: LMS
June remortgage repayments jump by £236: LMS
June remortgage repayments jump by £236: LMS
The voice of the UK mortgage i... The voice of the UK ... | 1 year ago
The conveyancing services firm’s Monthly Remortgage Snapshot adds that 52% of borrowers increased their loan size last month to an average of £22,644. The average remortgage loan amount in London and the South East was £301,982 while the average for the rest of the UK stood at £147,780 putting remortgage loan amounts 104% higher in London and the South East than the rest of the country. The most popular product was a five-year fixed-rate loan used by 67% ...
The conveyancing services firm’s Monthly Remortgage Snapshot adds that 52% of borrowers increased their loan size last month to an average of £22,644. The average remortgage loan amount in London and the South East was £301,982 while the average for the rest of the UK stood at £147,780 putting remortgage loan amounts 104% higher in London and the South East than the rest of the country. The most popular product was a five-year fixed-rate loan used by 67% ...
Value of new second charge business up 29% in June, says FLA
Value of new second charge business up 29% in June, says FLA
Value of new second charge business up 29% in June, says FLA
Value of new second charge business up 29% in June, says FLA
The voice of the UK mortgage i... The voice of the UK ... | 1 year ago
The value of new business in June increased 29% over the same time frame to £130m, the FLA’s newest report adds. This means that, in the 12 months to June 2022, the value of new business has totalled £1.36bn, which is a 61% rise on the year, with the number of new agreements rising 52% to a total of 30,849. And in the three months to June, the value of new business equals £390m at 8,529 new agreements – rises of 44% and 37%, respectively. if ($(window...
The value of new business in June increased 29% over the same time frame to £130m, the FLA’s newest report adds. This means that, in the 12 months to June 2022, the value of new business has totalled £1.36bn, which is a 61% rise on the year, with the number of new agreements rising 52% to a total of 30,849. And in the three months to June, the value of new business equals £390m at 8,529 new agreements – rises of 44% and 37%, respectively. if ($(window...