Second charge business up £53m in year to March
Second charge business up £53m in year to March
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 ...
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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
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.
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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.
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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 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
The U.S. government is reporting that total construction spending in March, 2022 was at a seasonally adjusted annual rate of $1,730.5 billion, which is 0.1% higher than February’s revised estimate and 11.7% higher than one year ago. Residential construction came in at a seasonally adjusted annual rate of $882 billion in March, which is 1% [...]
The post Construction Spending Up Slightly in March appeared first on Real Estate Investing Today.
The U.S. government is reporting that total construction spending in March, 2022 was at a seasonally adjusted annual rate of $1,730.5 billion, which is 0.1% higher than February’s revised estimate and 11.7% higher than one year ago. Residential construction came in at a seasonally adjusted annual rate of $882 billion in March, which is 1% [...]
The post Construction Spending Up Slightly in March appeared first on Real Estate Investing Today.
The Rhode Island region in 2021 was 5th in the nation for growth in the price of vacation homes, according to a new study.
The Rhode Island region in 2021 was 5th in the nation for growth in the price of vacation homes, according to a new study.
The U.S. government is reporting that privately‐owned housing starts in March were at a seasonally adjusted annual rate of 1,793,000, which is 0.3% higher than February’s revised number and 3.9% higher than one year ago. March’s rate for units in buildings with five units or more was 574k. Privately‐owned housing units authorized by building permits [...]
The post Housing Starts & Building Permits Up Slightly in March appeared first on Real Estate Investing Today.
The U.S. government is reporting that privately‐owned housing starts in March were at a seasonally adjusted annual rate of 1,793,000, which is 0.3% higher than February’s revised number and 3.9% higher than one year ago. March’s rate for units in buildings with five units or more was 574k. Privately‐owned housing units authorized by building permits [...]
The post Housing Starts & Building Permits Up Slightly in March appeared first on Real Estate Investing Today.
Dive Brief:
Construction’s unified response to racism in the industry is growing stronger. Twice as many construction firms plan to participate in the second annual Construction Inclusion Week, the industry’s grassroots effort to stamp out racist incidents and hate on jobsites.
A total of 2,345 companies registered for the event, which runs Oct. 17-21, nearly double the 1,200 firms that took part in its inaugural outing last year, according to Turner Construction, one of the event’s six...
Dive Brief:
Construction’s unified response to racism in the industry is growing stronger. Twice as many construction firms plan to participate in the second annual Construction Inclusion Week, the industry’s grassroots effort to stamp out racist incidents and hate on jobsites.
A total of 2,345 companies registered for the event, which runs Oct. 17-21, nearly double the 1,200 firms that took part in its inaugural outing last year, according to Turner Construction, one of the event’s six...
Staying connected to your homeowners (via Seller's Corner) pays off in 2018.How?Case in point: 31 Elena Road, La Selva Beach, CA 95076- Listing Price (2012): $642,000 (via Redfin)- Listing Price (2018): $949,000 (via Oak Anchor Homes)- Property Value Increase: $307,000 in 1 yearIn a nutshell, $307,000 price increase in 1 year is enough to reach out to your past clients and let them know a thing or two about a thing or two.Seller's Corner is your friend, your foundation, your bridge ...
Staying connected to your homeowners (via Seller's Corner) pays off in 2018.How?Case in point: 31 Elena Road, La Selva Beach, CA 95076- Listing Price (2012): $642,000 (via Redfin)- Listing Price (2018): $949,000 (via Oak Anchor Homes)- Property Value Increase: $307,000 in 1 yearIn a nutshell, $307,000 price increase in 1 year is enough to reach out to your past clients and let them know a thing or two about a thing or two.Seller's Corner is your friend, your foundation, your bridge ...
NEW DELHI: According to the Magicbricks Proplndex report for Q3, 2022, aggregate demand (searches) in India’s top 13 cities increased 7.3% YoY (year on year), while cumulative supply (listings) increased 6.0% YoY.
According to the report, aggregate demand and cumulative supply fell slightly year on year (quarter on quarter).
Greater Noida, Gurugram, Bengaluru, and Mumbai experienced the fastest year-on-year growth in residentia...
NEW DELHI: According to the Magicbricks Proplndex report for Q3, 2022, aggregate demand (searches) in India’s top 13 cities increased 7.3% YoY (year on year), while cumulative supply (listings) increased 6.0% YoY.
According to the report, aggregate demand and cumulative supply fell slightly year on year (quarter on quarter).
Greater Noida, Gurugram, Bengaluru, and Mumbai experienced the fastest year-on-year growth in residentia...