Tag Archives: cml

CML reports that buy to let mortgage lending is up 12% Latest Articles

Buy to let lending has risen by 12% supported by ongoing demand for rental property fuelled by potential homeowners who have to rent because they cannot buy.

There were 26,900 buy to let loans worth £2.8 billion advanced in the three months ending September 30, according to the latest figures from the Council of Mortgage Lenders (CML). Continue reading CML reports that buy to let mortgage lending is up 12%


CML admits mortgage lending has sunk to a 10 year low Latest Articles

At last some truths about mortgage lending are starting to emerge from the smoke and mirrors propaganda billowing out from the Council of Mortgage Lenders – the cosy club that represents all of the UK’s big banks and building societies.

Mortgage lending has hit rock bottom with the lowest figures for almost a decade, according to the latest data from the CML. Continue reading CML admits mortgage lending has sunk to a 10 year low


Tax fraud alerts set to trap landlords who are not declaring rental income or are over stating earnings on mortgage application forms. Lenders now sharing information with HMRC Latest Articles, Tax & Accountancy

Property investors innocently switching homes or renting them out may fall foul of new measures to combat fraud.

Two new schemes have started this month aimed at fighting buy to let fraud – but may trap landlords maximising returns and tax reliefs for their properties. Continue reading Tax fraud alerts set to trap landlords who are not declaring rental income or are over stating earnings on mortgage application forms. Lenders now sharing information with HMRC


No cheer for borrowers in latest home lending figures Latest Articles

Mortgage lending for buying and refinancing homes was up 5% in July – an increase from £12.9 billion in June 2010 to £13.6 billion in July but a disappointing £0.4 billion down on July 2009.

Effectively, despite the Bank of England’s making billions available with a quantative easing policy to provide funds to encourage banks and building societies to lend, the amount of money available to home owners to borrow has stood still for a year. Continue reading No cheer for borrowers in latest home lending figures


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