UK mortgage approvals rise in April to highest since early 2017 – UK Finance LONDON, May 28 (Reuters) – British banks last month approved the greatest number of mortgages since February 2017.
Lending figures from the Bank of England, which cover a broader section of Britain’s finance industry, are due on Friday. UK mortgage approvals rise in April to highest since early 2017: UK.
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Mortgage lending rose by nearly 5 per cent between March and April to reach 4.3bn last month, the latest Bank of England figures have shown. The increase in April followed a steep rise the previous month, when lending jumped by 24 per cent from a weak February to 4.1bn in March.
The rise in the number of mortgage approvals. some momentum in December after a deluge of low-priced mortgage deals encouraged buyers to take out a new home loan. The Bank of England said the.
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Bank of England imposes first limits on size of UK mortgages. Around 10 percent of current lending is at a loan-to-income ratio above 4.5. That rises to around 20 percent in London, but few lenders focus just on the capital so most can offset higher-risk lending there with less risky lending elsewhere.
· Mortgage lending dips to year low New mortgage lending in the UK fell to 12-month lows in April, Bank of england figures show. mortgage approvals totalled 107,000 down from 111,000 in March – the third monthly decline in a row. The data also hinted the market may be slowing as the value of home loans rose £8.9bn, compared with £9.9bn in March.
Net mortgage borrowing by households fell to 3.1 billion in May from 4.1 million in April, statistics from the Bank of England show. The annual growth rate for mortgage lending remained stable at 3.2%, and has now been around 3% since late 2016.
NatWest and Barclays are the latest providers to increase mortgages rates – signalling that lenders are preparing for a base rate hike from the Bank of England. NatWest has upped residential rates by up to 0.90%, though most are smaller increases at around 0.10%, while Barclays has increased 2-year fixes by up to 0.20%.
Greater open home attendance, increase in appraisals point to renewed spark in property market I hardly market, although I do hand out business cards at each property I go to, even vacant ones I leave a card on the counter. This has resulted in a decent amount of private work. I’ve built my book up to about 15-20% right now.
JPMorgan has also bought outstanding securities tied to home loans originated by Northern Rock Plc, the British lender rescued by the Bank of England. its European mortgage bonds with sales, even.