Gross mortgage lending
Gross mortgage lending fell by over £2bn from the previous month in April, according to the Council of Mortgage Lenders (CML), giving the UK its lowest level of lending since April 2011.
Connells Group has added Kent Reliance to its panel of lenders.
Mortgage lending by mutuals continued to strengthen in August with loans approved up 10% on July, the Building Societies Association (BSA) has revealed.
Other Gross mortgage lending articles
HSBC has reported its gross new mortgage lending in the UK grew 35% to £6.7bn in the first half of 2011, taking its mortgage market share to a record almost 11%.
Lloyds Banking Group has the largest exposure to high LTV mortgages of any of the top six lenders in the UK, a Bank of England report has found.
The bridging loan sector has gone from strength to strength since the aftermath of the financial crisis, as a tighter lending landscape saw more residential and commercial borrowers looking to bridging lenders.
Repossessions reached a three-year low in the last three months of 2010, new figures from the Financial Services Authority (FSA) have shown.
State-owned bank Northern Rock plc has reported underlying losses of £232.4m for 2010 in its first annual results since being split from its toxic loans.
Northern Rock is set to offer 90% mortgages, just three years after it was bailed out by the taxpayer.
CHL Mortgages has revealed vastly improving arrears figures across its entire buy-to-let and home loan mortgage book.
Barclays increased its gross new mortgage lending to £16.9bn in 2010, giving it a 13% share of the market.
Santander has agreed to deliver £6.7bn of gross new lending commitments to support UK businesses this year, following negotiations with the government.
Mutual services collective Mutual One has chosen Genworth Financial as its mortgage indemnity insurance (MII) provider.
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It's not all doom and gloom out there in the mortgage industry, so click here for a dose of cheer.
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