Tag Archives: cml

Mortgages Worth Less In Britain

From the Telegraph: The Council of Mortgage Lenders (CML) is preparing to release its estimate for the total amount of money leant by building societies and banks in September. It is thought that the figure could be as little as … Continue reading

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UK First-Time Buyers Spending Half Of Their Income On Mortgage Payments

From the Telegraph: The average first-time buyer is now having to spend nearly half of their income on mortgage payments for the first time in almost 20 years, figures show. According to data from Nationwide, the country’s largest building society, … Continue reading

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Cutting Mortgage Losses

From Manchester in the UK: In 2007 we spent an average of 17.8 per cent of our income on mortgage interest payments, according to the Council of Mortgage Lenders (CML), compared with just 11.6 per cent five years before. 1 … Continue reading

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Refinance & Mortgage Brokers

From the Times of London: Millions of homeowners who use mortgage brokers are being denied access to the best deals, after a decision by some of the UK‘s biggest lenders to offer their top rates only to customers who approach … Continue reading

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Lending Increases In UK

Despite tales of lenders refusing mortgage applications, figures released today (Thursday, May 22nd) showed that mortgage lending has risen slightly. According to the Council of Mortgage Lenders (CML), gross mortgage lending in April was up five per cent from March … Continue reading

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Housing Market Worst Since 1970s

From the Guardian: House sales could fall to their lowest level since the mid-1970s the Council of Mortgage Lenders warned yesterday, as it predicted a drop in prices and a halving in the mortgage market as a result of the … Continue reading

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UK Mortgage Lending Crunch

From Reuters: "The credit crunch has resulted in a gap in the availability of mortgage credit relative to demand. Lenders have changed their product ranges, tightened lending criteria and reviewed their pricing in order to maintain their individual ability to … Continue reading

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UK Mortgage Blues

Here’s a report: So said Jackie Bennett, head of policy at the Council of Mortgage Lenders (CML), at a conference for the mortgage industry held in Manchester this week. Bennett also quoted CML chief Steven Crawshaw as expecting the level … Continue reading

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Mortgage Lending At Lowest Level In 30 Years In The United Kingdom

I knew things were bad, but that bad? Lenders have clamped down on lending, demanding high standards. The Labor government is ignored. Its political fortunes are tied to the economy which appears headed for recession. Here’s the report: Mortgage lending … Continue reading

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Britain Faces Mortgage Famine

The credit crisis has gone worldwide. Another big name has bitten the dust. Here’s a report: BRITAIN is facing a "mortgage famine", experts warned last night, after a major lender announced it was pulling out of the market for new … Continue reading

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