Building society follows RBS and NatWest’s lead, as mortgage and house price figures paint a picture of stabilityCoventry Building Society has become the latest lender to stop offering interest-only mortgages to borrowers, hot on the heels of RBS and N…
Posts Categorized: Mortgage lending figures
Mortgage lending up 20% in February
Rise in first-time buyer numbers behind overall increase in lending for house purchases, CML figures suggestMortgage lending for house purchases was up by 20% year-on-year in February, but lenders said the increase may have been fuelled by changes to s…
Preventing another housing bubble must be Bank of England’s priority
Three boom-busts in 40 years are testimony to the failure of trying to control the housing market through interest rates aloneEaster is traditionally when the housing market comes out of hibernation – and if ever there were a time when it might be im…
Mortgage borrowers face triple whammy, warns Bank of England
Lenders expect to reduce the amount of credit given to households, tighten lending criteria – and charge more for the loans, says Bank reportLenders expect to reduce the amount of credit they give to households in the second quarter of the year in a …