Mortgage advice bureau (mab)
Remortgage lending and approvals for May have outperformed house purchase activity year-on-year, Bank of England non-seasonal statistics have revealed.
Legal & General Mortgage Club is celebrating its 20th anniversary this week at the annual Mortgage Club Awards, in association with Mortgage Solutions.
In the dog days of the battle among lenders to slash mortgage rates, some 61% of brokers do not expect the market to ever launch a fixed rate mortgage below 1%.
Other Mortgage advice bureau (mab) articles
Stephen Smith, director, Legal & General Mortgage Club and housing, has refuted claims that appointed representatives (ARs) are being forced to leave the network ahead of its closure stating that the business model is 'evolving'.
Bank loan approvals hit a 13-month high in April, with monthly approvals 3% higher than the same time last year, British Bankers’ Association (BBA) figures show.
UK house prices increased by 9.6% in the year to March 2015, up from 7.4% in the year to February 2015, according to the Office for National Statistics (ONS).
With activity in the mortgage market on the up, broker firms are likely to be seeing increased profits. But what are firms using this extra cash for?
Homeowners are choosing to spend their housing equity instead of reducing their loan-to-value ratio as result of rising property prices, research has found.
Mortgage arrears and repossessions fell in the first quarter of this year across residential and buy-to-let lending, figures from the Council of Mortgage Lenders have revealed.
Legal & General Mortgage Club has added Ipswich Building Society to its lender panel.
Borrowers took advantage of competitive prices in the mortgage market in March as house purchase approvals increased on the previous month, but lending activity was still down on the same time last year.
Consistently falling mortgage rates and rising average loan-to-value (LTV) ratios are helping lower income borrowers onto the property ladder as mortgage applications increased 18% in the month to March.
The Council of Mortgage Lenders estimates that gross mortgage lending reached £16.5bn billion in March. This is a 21% rise on February at £13.6bn and 7% higher than last year.
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