CML comment on September lending data

September lending data

September lending data – The September lending data from the Bank of England shows a continuation of recent trends in the mortgage market.

September lending data – Underlying levels of mortgage lending have edged a little higher driven by an increase in house purchase activity, but remortgaging volumes continue to decline. CML economist Paul Samter observed:

“There is clear evidence of a significant pick up in housing market lending activity from a year ago, even though it remains low on any historic comparison. On the other side of the gross lending equation, remortgaging volumes continue to weaken.

Borrowers seem to be opting to stay on low reversion rates, with official interest rates not expected to rise for some time yet. “Overall, the numbers support our view that housing market activity continues to strengthen. But we are cautious about how far we can expect it to continue increasing, with funding still a challenge and the economic outlook still subdued.”


Bitcoin: 1BJbBAvdNHcZPZBnaFpyExUmAD9H1crosU


Litecoin:LXfkhyMe8gxdENyUc7Y5itHzFqr67F96nW

Or…

If you enjoyed this article FEEL Free to TIP My First Home Blog:


Any Amount Welcome 🙂


Dash: XmARRjJ9y2zUUgiPWPMrjviWWCvpuogwKd


Dogecoin: D5vAJ9ydfsNX1VE6e93Wh16gmUfVSUSKQq


Bitcoin: 1BJbBAvdNHcZPZBnaFpyExUmAD9H1crosU


Bitcoin Cash: 1Q8njMG4LPqFYthtNu6rq2Rbq9JqKXaPg1


Ethereum: 0x60454606e1f66C09e4fD7977b844718b683B2836

{ 0 comments… add one }

Connect with Facebook

Leave a Comment


x

Related Posts

Sellers Advice: Home Report in Scotland
A home report is important when selling a house in Scotland. It is composed of 3 documents such as energy report, property questionnaire, and a s...
9 Ways To Save Energy At Home
Save Energy At Home - There are  9 ways to save energy as outlined below:Save Energy At Home - 1.  Minimise Your Electronic Consumption According...
7 Steps to Stop Home Repossession
Taking action on home repossession involves many stages.   In fact, you can actually stop the procedure any time.   One way to stop is to get adv...
powered by RelatedPosts