High street banks lent less on mortgages last month than at any time since February 2001, according to the British Bankers’ Association (BBA).
In total, the high streets banks agreed loans of £7.6 billion – just over 16% down on the same month last year. Continue reading British Bankers Association says bank mortgage lending has sunk to a 9 year low
Buy to let lender Platform Mortgages has signalled a lack of confidence in the market by more or less stopping borrowing for landlords.
Meanwhile, another buy to let specialist – CHL Mortgages – has announced trading improvements as more landlords slash mortgage arrears. Continue reading Platform derails mortgage lending for buy to let
Mortgage lending by Britain’s banks and building societies hit a 10-year low last month – and the outlook is unlikely to improve. Continue reading Mortgage lending slumps to a 10-year low.