Property & Email Marketing: Login or Register Telephone Number Tel: (+34) 952 471 774 | UK Freephone UK Freephone: 0800 047 0597 | US Toll Free US Toll Free: +1-866 656 7152
IPIN Left IPIN Middle IPIN Right
Header Corner
Find Property in :

E.g. "Marbella" or "Manchester". Looking for more search options?

 

UK mortgage lending increases in March

Date : (News Section: United Kingdom)

Share
UK mortgage lending increases in March

UK mortgage lending increased by 21 per cent in March, reaching £11.3 billion compared to the £9.3 billion seen in February, the Council of Mortgage Lenders (CML) has revealed.

However, despite the rise last month, the level of lending was down two per cent on March 2010.

"The housing market has emerged hesitantly from hibernation. Household finances are under a lot of pressure," said CML chief economist Bob Pannell.

"Lenders expect mortgage credit availability to improve this quarter, and this should help to underpin house purchase activity albeit at pretty low levels."

Meanwhile, the latest mortgage index from brokers John Charcol has revealed that the trend of more borrowers choosing a fixed rate to buy property in the UK has been reversed.

The firm noted that there is now virtually a 50-50 split between fixed and variable rates. It follows news that estate agents in the UK have reported a surge in demand for new property ahead of the Easter Holidays.

Share

Article by +Steve Binge on behalf of Propertyshowrooms.com

Read More

  1. 26 June 2014 - Rebuilding Battersea Power Station - Exclusive Report and Interviews
  2. 13 May 2014 - £9.5 Billion in Housing Benefit Fuels UK Buy to Let Market
  3. 15 April 2014 - Is the UK heading for another housing bubble?
  4. 25 March 2014 - Serviced Apartments - 10 of the World's Best
  5. 24 May 2013 - What’s happening in the Scottish property market this spring?






Let us search for you Let Us find Property in United Kingdom for You

Fill out a requirements form and our experts will help you find a great selection of Properties for sale in United Kingdom.

SubscribeGet Email Updates!

   

* We value your privacy and will never share your email address with anyone else.

Currencies 4 U

Subscribe to This Feed

RSS News
Subscribe to this RSS Feed
Country: United Kingdom
Channel: All

More RSS FeedsGo

Media/Press SectionProperty News Search


   

News ArchivesNews Archives

View worldwide property news from as far back as 2005 in our News Archives Section.

View News ArchivesGo