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Home owners inject £6.1bn into mortgages

Home owners injected £6.1bn of equity into their homes in Q3 2010 compared with £5.8bn in Q2, figures from the Bank of England show.

It was the 10th consecutive quarter in which the amount of money people extracted from their homes was negative.

Individuals have injected £49.7bn into housing equity since Q2 2008 when the housing equity withdrawal measure turned negative.

The figure is also the biggest net injection of equity people have made into their homes since Q1 2009.

Housing equity withdrawal as a percentage of post-tax income was -2.4% in Q3 2010 compared with -2.3% in Q2 2010.


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The politics of healthcare

Healthcare is already one of the key battlefields in May’s general election, with each of the main parties committing to deliver improvements to the NHS and public health.

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Johnson Fleming set to hold auto-enrolment support webinar

Two years since the process of auto-enrolment began, the looming re-enrolment deadline provides the perfect opportunity to assess whether the support you have in place, which may well have been hastily selected at the start, is fit for purpose. Johnson Fleming is holding a webinar on 10 September at 11:00 to discover the key issues and concerns you should consider when thinking about your current support options.


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  • A has Been 30th December 2010 at 6:32 pm

    Grey haired underwriter is right. The payment back of capital is available for further lending out…thats why in the 80’s if you had an interest only/endowwment mortgage you were charged a higher interest rate…because the lenders wanted capital back to lend to others…the wheel is turning!

  • Gray Haired Underwriter 30th December 2010 at 2:04 pm

    Perhaps that’s why I twice referred to new borrowers? The point I am making is that existing interest only loans create their own log jam by not releasing capital to lend to others. It would surely be better to offer the maximum amount of access to available funding? Or maybe you don’t think that a healthy market needs to continually refressh itself by the addition of new borrowers?

  • Gray Haired Underwriter 30th December 2010 at 8:52 am

    Chris – I would agree because it is patently obvious but please note that I was talking about the freeing up of funds to lend to new borrowers not keeping it stuck for 25 years or so amongst the same people.

  • chris gardner 29th December 2010 at 2:33 pm

    gray haired underwriter

    i think you will find it is actually the same funding rather than more funding. you do not create more funds by people repaying debt – you merely move it about.

  • Gray Haired Underwriter 29th December 2010 at 11:07 am

    This goes to show what a difference capital repayments can make to available funds for new borrowers and in someway adds to the debate about interest only versus Capital repayment. Just imagine how much more funding would be available to new borrowers if all mortgages were on Capital repayment basis?