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CML Forecast 16% Mortgage Lending Growth In Next 2 Years

CML Forecast 16% Mortgage Lending Growth In Next 2 Years

Council of Mortgage Lenders Predict Significant
Mortgage Lending Growth

The Council of Mortgage Lenders (CML) have predicted that gross mortgage lending in the UK will increase by 16% over the next two years.

The CML says gross mortgage lending in the UK reached around £207 Billion (GBP) in 2014 and they firmly believe that gross mortgage lending will grow by 7% to £222 Billion (GBP) during 2015.

Following that, the CML also forecast a further 8% increase to £240 Billion (GBP) in 2016, up 16% when compared to gross mortgage lending in 2014.

While the CML are happy to forecast 2 years of mortgage lending growth, it acknowledges that the pace of growth has slowed compared with the 18% recorded from 2013 to 2014, with gross mortgage lending increasing from £176 Billion (GBP) in 2013 to £207 Billion (GBP) in 2014.

In its analysis, the CML said that the stamp duty reforms announced by the Chancellor, George Osborne, in the Autumn budget would help boost overall mortgage lending activity, following the lull encountered in the summer of 2014.

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UK Mortgage Approvals Exceed Expectations In October

UK Mortgage Approvals Increase in October

UK Mortgage Approvals Increase in October

UK Mortgage lending reached an 11-month high in October, providing evidence that the housing market may finally be picking up, after a lull in recent months, according to the Council of Mortgage Lenders (CML).

 Gross mortgage lending rose to £12.9 Billion (GBP) and was 4% higher than in the same month in 2011, indicating that the government’s Funding for Lending scheme, designed to boost lending to households and businesses, is having some effect.

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UK mortgage lending saw an increase in activity during July 2012.

UK Mortgage Lending Increases in July

UK Mortgage Lending Increases in July

The Council of Mortgage Lenders (CML) have stated that gross mortgage lending in July increased by 8% to £12.7 Billion (GBP), from £11.7 Billion (GBP) in June 2012 and is 2% higher than the total of £12.5 Billion (GBP) in July 2011. The figures include private residential property purchases and Buy-To-Let mortgages for rental property.

Caroline Purdey, CML market and data analyst, commented: “Gross mortgage lending showed an 8% increase from last month, continuing the see-saw pattern seen throughout this year, albeit against a broadly flat market. Interpretation of recent trends continues to be challenged by one-off effects. We look forward to the September figures when the distorting effects of the Diamond Jubilee and the Olympics should largely have worked their way through.”

Mortgage lending levels appear to be slowly recovering, and there are a multitude of products on offer to borrowers, albeit with lower Loan To Value (LTV) rates and higher deposits required, however any real recovery in lending is still a long way off. offer property investors and landlords useful information for choosing the right mortgage broker for you. Please see below for an excerpt and follow the link at the bottom of the post to read more


Which Type Of BROKER Is Right For You?
BROKERS help you through the minefield of mortgages whether you need a buy to let product, have bad credit, need a self certification mortgage, are a first time buyer or simply need mortgage advice. Their job is to basically find the best mortgage deal and mortgage rate for their clients needs, complete all paperwork and manage the application through to completion of the deal.


The mortgage maze can be a difficult one to navigate and seeking unbiased mortgage advice is often the easiest way to understand the options available.

There is more than one way of classifying BROKERS. The Financial Services Authority (FSA) list various classes of BROKER dependant upon independence and fee structure. These definitions are currently under review as part of the FSA’s Retail Distribution Review (RDR) and will be updated if there are any changes.

  • Mortgage IFAs (independent financial advisers) who have access to the whole of mortgages on the market (as well as other areas of financial advice) and give you the choice of paying by fee if you prefer
  • Independent Mortgage Advisers who offer products from the whole of the market as well as giving you the choice of paying by fee
  • Mortgage Brokers who offer products from the whole mortgage market but are paid via a commission

It is probably more important from an Investors point of view to choose their BROKER based on the amount of suitable products offered.

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Directory Listings for Mortgage Service Providers

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