Mortgage lending grows in solid start to the year

 

The value of new mortgage commitments rose 4.5% on a year earlier to £63.8bn in the first quarter, according to the Bank of England’s latest mortgage lenders data, which indicated that the outstanding value of all residential mortgage loans rose to £1.45bn – a 3.4% rise on last year. Despite the Prudential Regulation Authority airing concerns over “risky lending,” mortgage loans with a loan to value ratio of more than 90% increased to 4.5%, compared with 3.3% the previous year.

City AM

Related Posts

Festive Season

As the festive season approaches, we would like to take this opportunity to wish you a very Merry Christmas and a prosperous New Year. Christmas ...

Congratulations

Congratulations from everyone at Bendall & Sons to Rachel Smith who has completed her Master of Laws in Professional Legal Practice with a Distinc...

First-time buyers make a comeback

Nearly 30% of home sales went to first-time buyers last month, the highest proportion in over a year, according to new data from various large estate ...