Halkalı Halı Yıkama Beylikdüzü Halı Yıkama Bahçeşehir Halı Yıkama seocu
Latest News

UK: Residential mortgage lending fell in January-Report

Gross mortgage lending across the residential market in the UK fell in January 2019 to £21.6 billion, some 1.5% lower than the same month in the previous year, industry figures show.

The number of mortgages approved by the main High Street banks was 0.3% higher than in January 2018, according to the data published by UK Finance.

Click here to watch weekly episodes of Housing Development Programme on AIT

It also shows that remortgage approvals were 3.1% down, a change from several months of strong growth in remortgaging earlier in 2018.

It is suggested by UK Finance that this was due to customers taking advantage of a competitive mortgage market to lock into attractive deals but specialist lenders have various views on what is happening.

However, John Goodall, chief executive officer of Landbay, believes that the dip in lending is unquestionably linked to home owners and landlords putting off the decision to put their property on the market.

‘This wait and see approach, entirely understandable in the current economic climate, is exacerbating the chronic undersupply of available housing. The current stalemate means that it falls to landlords, both private and institutional, to pick up the pieces and provide quality housing for those who would be buyers in more normal economic conditions,’ he said.

Dilpreet Bhagrath, mortgage expert at Trussle, also thinks that there is a wait and see attitude due to Brexit chaos, but she also believes that the ongoing shortage of available homes is limiting options for buyers in some areas.

‘But there are some good deals to be had particularly for first time buyers who are ready to move quickly. Those who do find their dream home might want to consider a fixed-rate mortgage if they want to know exactly how much they’ll be paying each month, avoiding instability and providing extra piece of mind,’ she added.


The figures for January are probably more encouraging than they might have been, according to Richard Pike, sales and marketing director at Phoebus Software. ‘Unfortunately, there is nothing going on in Westminster or in Europe that is helping to alleviate the situation, and neither will it for some time,’ he explained.

‘However, there is a resilience that shows there are still people that want, and need, to buy and nothing in the political arena will change that. The next few months will be telling, we could be looking at an even less rosy picture in a couple of months’ time, or we will see that despite uncertainty people carried on regardless,’ he added.

Source: propertywire.com

Previous ArticleNext Article

Leave a Reply

Your email address will not be published. Required fields are marked *

mersin escort bayan mersin escort bayan mersin escort bayan mersin escort bayan erotik film izle erotik film malatya escort bayan malatya escort bayan malatya escort bayan malatya escort bayan
mersin escort | mersin escort
Translate »
DIY Home Decor |



Eskort Mersin


Eskort Ankara


Eskort Bayanlar


eskişehir olgun

escort sakarya escort edirne escort kayseri escort konya escort ısparta escort bornova
Share via
%d bloggers like this:
Kıbrıs gece kulüpleri