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pipllman

Mortgage Lending Etc. May 2015

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Mortgages

64,434 for house purchases versus 67,580 prior month and 62,076 last year

36,003 remortgage versus 35,911 prior month and 28,455 last year

Lending secured on dwellings

£16,645m versus £17,018 month prior and £16,762 last year

Total lending to individuals

£1,436,363m of which £1,264,790 secured on dwellings

versus £1,434,444m of which £1,263,565 secured on dwellings prior month

and £1,406,890m if which £1,245,982 secured on dwellings prior year

http://www.bankofengland.co.uk/statistics/Pages/bankstats/2015/may.aspx

Edited by pipllman

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60,000 idiots a month buying house at these insane prices.

Got to wonder about them.

yes

2,358 more of them in May 15 than May 14....

Edited by pipllman

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This is mostly people MEWing for their summer holiday - very few will be buying houses.

Not mostly, but some

64,434 for house purchases

36,003 remortgage (MEW)

The latter being up by 26.5% versus May 14

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Not mostly, but some

64,434 for house purchases

36,003 remortgage (MEW)

The latter being up by 26.5% versus May 14

I dont think you can assume all remortgages are MEW's many, maybe most, will be remortgaging to get a cheap fix before interest rates go up and some of these will actually be paying off some of the loan to access the best deals.

We recently completed a remortgage, paying off a few grand to qualify for a 2.2% five year fix.

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I dont think you can assume all remortgages are MEW's many, maybe most, will be remortgaging to get a cheap fix before interest rates go up and some of these will actually be paying off some of the loan to access the best deals.

We recently completed a remortgage, paying off a few grand to qualify for a 2.2% five year fix.

Fair point well made

Point is valid even in the context of the overall £ debt secured on dwellings going up (a bit) year on year

£1,264,790m secured on dwellings versus £1,245,982m secured on dwellings prior year

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Hmm I thought everything was rosey on thr mortgage approvals from headlines other day. What are the m4 money stats looking like ?

May 2015 1 month 0.,5 12 month 0.7 versus May 2014 1 month -0.1, 12 month -0.8

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