February sees net mortgage borrowing fall
February sees net mortgage borrowing fall
Net mortgage borrowing came to £4.7bn in February, Bank of England (BoE) figures show, down on the £5.9bn recorded in January. Meanwhile, approvals for house purchases fell too, from 73,800 in January to 71,000 in February while the value of these approvals ticked up, from £16.6bn to £16.7bn, respectively. And approvals for remortgages increased, from ...
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Net mortgage borrowing came to £4.7bn in February, Bank of England (BoE) figures show, down on the £5.9bn recorded in January. Meanwhile, approvals for house purchases fell too, from 73,800 in January to 71,000 in February while the value of these approvals ticked up, from £16.6bn to £16.7bn, respectively. And approvals for remortgages increased, from ...
This story continues at February sees net mortgage borrowing fall
Or just read more coverage at Mortgage Finance Gazette
Net mortgage borrowing came to £4.7bn in February, Bank of England (BoE) figures show, down on the £5.9bn recorded in January. Meanwhile, approvals for house purchases fell too, from 73,800 in January to 71,000 in February while the value of these approvals ticked up, from £16.6bn to £16.7bn, respectively. And approvals for remortgages increased, from ...
This story continues at February sees net mortgage borrowing fall
Or just read more coverage at Mortgage Finance Gazette
Data shows that net mortgage borrowing is still above the pre-pandemic average of £4.3bn in the year to February 2020.
Gross lending showed little change last month at £25.4bn, down from £26bn in July.
Mortgage approvals for house purchases increased sharply to 74,300 in August from 63,700 in July.
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Data shows that net mortgage borrowing is still above the pre-pandemic average of £4.3bn in the year to February 2020.
Gross lending showed little change last month at £25.4bn, down from £26bn in July.
Mortgage approvals for house purchases increased sharply to 74,300 in August from 63,700 in July.
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The data shows that in April, net borrowing of mortgage debt dropped from £6.4bn in March to £4.1bn in April.
Gross lending rose slightly on the month, however, from £26.2bn in March to £26.5bn in April.
Meanwhile, mortgage approvals for house purchases dropped from 69,500 to 66,000 and from a value of £16.8bn to £16.1bn.
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The data shows that in April, net borrowing of mortgage debt dropped from £6.4bn in March to £4.1bn in April.
Gross lending rose slightly on the month, however, from £26.2bn in March to £26.5bn in April.
Meanwhile, mortgage approvals for house purchases dropped from 69,500 to 66,000 and from a value of £16.8bn to £16.1bn.
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Early April housing data indicates prices for certain housing segments in the Greater Toronto Area are down from their February peak by as much as 22%.
Early April housing data indicates prices for certain housing segments in the Greater Toronto Area are down from their February peak by as much as 22%.
It says mortgage advances jumped more than threefold to £71.1m, while total mortgage assets lifted 1.1% to £410.5m compared to a year ago, according to its annual report released today.
But Dudley Building Society chief executive Jeremy Wood said in his review in the annual report: “During the early days of the pandemic the board was anxious that a greater effort should be placed on maintaining services for existing rather than acquiring new members.
“As...
It says mortgage advances jumped more than threefold to £71.1m, while total mortgage assets lifted 1.1% to £410.5m compared to a year ago, according to its annual report released today.
But Dudley Building Society chief executive Jeremy Wood said in his review in the annual report: “During the early days of the pandemic the board was anxious that a greater effort should be placed on maintaining services for existing rather than acquiring new members.
“As...
Despite a slowing housing market at the end of the first quarter, Equitable Group posted its best-ever quarter with net income up 27% on strong origination growth. It also expects strong growth to continue into 2022, due to a variety of factors. “…we are not the market, and we do expect our own momentum to continue into our traditionally busy spring and summer months,” said Chief Financial Officer Chadwick Westlake. President and CEO Andrew Moor explained this is partly due […]
Despite a slowing housing market at the end of the first quarter, Equitable Group posted its best-ever quarter with net income up 27% on strong origination growth. It also expects strong growth to continue into 2022, due to a variety of factors. “…we are not the market, and we do expect our own momentum to continue into our traditionally busy spring and summer months,” said Chief Financial Officer Chadwick Westlake. President and CEO Andrew Moor explained this is partly due […]
This, says the BoE, puts the borrowing figure above the pre-pandemic average of £4.3bn in the 12 months to February 2020.
Meanwhile, gross lending rose from £21.6bn to £21.8bn from April to May.
The same data shows that approvals for house purchases grew, going from 66,100 to 66,200 while the value remained at £6.2bn.
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This, says the BoE, puts the borrowing figure above the pre-pandemic average of £4.3bn in the 12 months to February 2020.
Meanwhile, gross lending rose from £21.6bn to £21.8bn from April to May.
The same data shows that approvals for house purchases grew, going from 66,100 to 66,200 while the value remained at £6.2bn.
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CNBC's Diana Olick reports on mortgage rate data.
CNBC's Diana Olick reports on mortgage rate data.
The company reported revenue of about $4.7 billion for the three months ended in March, slightly below analyst estimates of about $4.8 billion for the period.
The company reported revenue of about $4.7 billion for the three months ended in March, slightly below analyst estimates of about $4.8 billion for the period.
Canada’s national average home prices fell for the fifth consecutive month in July, and is now down 23% since reaching a peak in February. The average price stands at $629,971, down 1.7% from June and 5% compared to a year ago, according to new data released by the Canadian Real Estate Association (CREA). National home sales were also down, posting a 5.3% month-over-month decline and a 29.3% drop year-over-year. “July saw a continuation of the trends we’ve been watching unfold for a few...
Canada’s national average home prices fell for the fifth consecutive month in July, and is now down 23% since reaching a peak in February. The average price stands at $629,971, down 1.7% from June and 5% compared to a year ago, according to new data released by the Canadian Real Estate Association (CREA). National home sales were also down, posting a 5.3% month-over-month decline and a 29.3% drop year-over-year. “July saw a continuation of the trends we’ve been watching unfold for a few...