View more on these topics

Gross lending falls 8% to £10.5bn in February

Gross mortgage lending fell 8 per cent to £10.5bn in February, according to figures released by the Council of Mortgage Lenders last week.

Although the latest figure is 1 per cent higher than the £10.4bn recorded for February 2012, gross lending was down on the £11.4bn recorded in January.

In fact, February’s gross lending figure was the lowest monthly total since April 2012 when it stood at £9.9bn. The CML’s figures represent the lending of 80 per cent of the market. The trade body then scales up the figures as an estimated of the market’s total lending.

CML chief economist Bob Pannell says: “There continue to be signs of improvement in activity and sentiment in the housing and mortgage market sector, despite headwinds from a challenging economic backdrop. With relatively strong house purchase numbers and subdued remortgage activity, the underlying position does not appear to have changed much over recent months.”

E.surv director Richard Sexton says: “Despite improving market sentiment, tight credit conditions are having a debilitating effect on the mortgage market. They have damaged lending levels – particularly to first-time buyers – and impaired banks’ ability to increase lending with any real significance.”


Kent Reliance aims 95% LTV deal at second-stepper professionals

Kent Reliance has launched a 95 per cent loan-to-value mortgage aimed at second steppers, which it is calling the next time buyer mortgage. The loan is a five-year fixed rate at 5.29 per cent and is available to employed and self-employed professionals who require a loan between £300,000 and £1m. To qualify for the product, […]


Caption Competition

Submit a witty caption for the photo above and you will be automatically entered into our competition. Remember, the funnier it is, the more likely you are to win. What are you waiting for? Email printable captions only to

Gary Little MS blog

Insurance cheats are playing with fire

The University of Portsmouth recently issued a study identifying individuals who are most likely to defraud their household insurer. The findings make for some interesting reading. The report analyses about 40,000 claims handled by VFM Services, a fraud investigation service. The study reveals that the typical household fraudster is equally likely to be male or […]

hastings logo

Case study – employee engagement platform centralises benefits for higher uptake

Learn how Hastings Academies Trust adopted an employee engagement platform to reinforce unity among new and veteran employees with bespoke branding and segmentation technology. Download the free case study to learn how you too can: Strategically use branding to unite a spread out workforce and reinforce key values among staff Target your message to the […]


News and expert analysis straight to your inbox

Sign up