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latest news

House purchase lending fell in London in 2015

25-02-2016 has written the following article: ondon is often regarded as the powerhouse of the UK property market but new data shows that house purchase lending in the city fell in 2015 in comparison with the previous year. But remortgaging increased, according to the latest data from the Council of Mortgage Lenders covering the fourth quarter of 2015. There were 21,800 home owner house purchase loans, down 4% on the third quarter but up 5% compared to the fourth quarter 2014. These loans were worth £6.7 billion, down 7% quarter on quarter but up 16% year on year. Read more >