Mortgage market review (mmr)
Prospective borrowers are seeking out mortgage advice in greater numbers, with 8% more remortgagors finding an intermediary in the last two months.
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.
Gross lending in April was estimated to be £16bn, representing a slight drop of 1% compared to the previous month and 4% lower year-on-year.
Other Mortgage market review (mmr) articles
Just over year after MMR came into force the mortgage market seems to be settling in to what IMLA has dubbed ‘a new normal’, with the outlook for 2015 certainly looking more subdued in terms of market activity.
At TMA, we have recently started a campaign to ask people across the industry ‘what inspires and motivates them’ to do what they do. We hope that by bringing that passion to the forefront, we can be more successful in the things we do every day.
Given that around 65% to 70% of mortgage advice comes through the intermediary channel is the title mortgage broker now outdated?
Legal & General Mortgage Club has added Ipswich Building Society to its lender panel.
The impact of the impending general election on the housing market has been overplayed, with 2015 set to be a strong year for mortgage lending, writes Richard Adams, managing director of Stonebridge Group.
V Loans has paired up with Shawbrook Bank to help older borrowers access second charge mortgage finance.
March saw mortgage brokers experience the highest level of sales volumes in eight years despite the number of active brokers in the market falling over the last 12 months, research reveals.
Will the next government live up to their house building manifesto promises and could we finally see the start of a new build revolution? Bob Hunt, chief executive of Paradigm Mortgage Services debates the likely outcomes for the housing market post-election.
There is a common misconception that a surge in buy-to-let business has meant first-time buyers are being priced out of the housing market, according to Paragon Mortgages.
The Mortgage Market Review (MMR) has permanently hardwired more conservative lending into the UK market which has been seen since the end of 2008.
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