Outstanding Value of Mortgage Loans 2.6% Higher than Q2 Last Year

Mortgage lending increases by 0.3% - Credit Connect

Latest data from the Financial Conduct Authority (FCA) and the Prudential Regulatory Authority (PRA has shown that the outstanding value of all residential mortgage loans increased by 0.3% from the previous quarter to £1,703.6 billion, and was 2.6% higher than a year earlier. Mortgage Lending and Administration Return (MLAR) data shows that mortgage advances decreased by 24.2% from the previous quarter to £58.8 billion, the lowest since 2024 Q1,…

Outstanding value of mortgage loans 2.6% higher than Q2 last year

Outstanding residential mortgage loans rose 0.3% from the previous quarter to £1,703.6bn, up 2.6% on the year, according to the latest Mortgage Lenders and Administrators Return (MLAR) data.  Gross mortgage advances fell by 24.2% to £58.8bn, the lowest since Q1 2024, and 2.4% lower than a year ago.  New mortgage commitments climbed 14.6% to £78.2bn, the highest since Q3 2022, up 16.8% compared to the previous year. The share of gross mortgage ad…

Mortgage advances slide 24% due to stamp duty changes: BoE   – Mortgage Finance Gazette

Mortgage advances slumped by 24.2% from the previous quarter to £58.8bn, Bank of England data shows, as buyers held off due to stamp duty changes.   This was the lowest figure since the first quarter of last year, and was 2.4% lower than a year ago,… The post Mortgage advances slide 24% due to stamp duty changes: BoE   appeared first on Mortgage Finance Gazette.

Mortgage advances tumble 24% due to stamp duty changes: BoE

Mortgage advances slumped by 24.2% from the previous quarter to £58.8bn, Bank of England data shows, as buyers held off due to stamp duty changes.   This