hedi Posted June 21, 2006 Share Posted June 21, 2006 we have just heard of record mortgage lending for the previous month. does anyone know what the split is between new mortgages, remortgages and mews.? it would be really fascinating if we could somehow find out. Quote Link to comment Share on other sites More sharing options...
AteMoose Posted June 21, 2006 Share Posted June 21, 2006 (edited) we have just heard of record mortgage lending for the previous month. does anyone know what the split is between new mortgages, remortgages and mews.? it would be really fascinating if we could somehow find out. Thatl b the council of morgage lenders data http://www.cml.org.uk/ You heard slightly wrong though Gross mortgage lending reached £28.7 billion in May according to new figures from the Council of Mortgage Lenders (CML). Lending was 18% higher than in April, and nearly 30% higher than in May last year. It was the strongest May figure on record and only 0.5% below the record for a single month seen in July 2004 (£28.9 billion). Edited June 21, 2006 by moosetea Quote Link to comment Share on other sites More sharing options...
greengreen Posted June 21, 2006 Share Posted June 21, 2006 have a look at this, from the ODPM: Download the PDF and look at figure 6: http://www.odpm.gov.uk/index.asp?id=1163855 Quote Link to comment Share on other sites More sharing options...
Objective Developer Posted June 21, 2006 Share Posted June 21, 2006 have a look at this, from the ODPM: Download the PDF and look at figure 6: http://www.odpm.gov.uk/index.asp?id=1163855 More interesting is fig.9 – repossessions. 29.2% up yoy! I wonder if this years fig.6’ers will be next years fig.9’ers! As an aside, you’ll be pleased to hear that it is now more expensive to build social housing in London than it is to purchase it if you are a Registered Social Landlord. How this will filter through is anyones guess; my money is on land value in high social areas taking a big hit. ...and back to the main point, sorry....OD Quote Link to comment Share on other sites More sharing options...
hedi Posted June 21, 2006 Author Share Posted June 21, 2006 thanks. looks like 75 to 80 pct is remortgaging of some sort. this might include mew, but who knows. still its rather high, looks like people borrowing more and more. Quote Link to comment Share on other sites More sharing options...
The Colour Posted June 21, 2006 Share Posted June 21, 2006 As an aside, you’ll be pleased to hear that it is now more expensive to build social housing in London than it is to purchase it if you are a Registered Social Landlord. How this will filter through is anyones guess; my money is on land value in high social areas taking a big hit. Do you have a link to some information about this please? Ta! Quote Link to comment Share on other sites More sharing options...
Objective Developer Posted June 22, 2006 Share Posted June 22, 2006 Do you have a link to some information about this please? Ta! Sorry, no link as such, as RSL's have different ways of setting social values. Have a look at the housing corp. website, this might give you an idea as to the whole thing works. Actually, scrap that, I work in social housing and I have no idea how it all works! Cheers, OD Quote Link to comment Share on other sites More sharing options...
othello Posted June 22, 2006 Share Posted June 22, 2006 I would question every press release from the CML. To quote their 'About Us': "The Council of Mortgage Lenders is the trade association for the mortgage lending industry, and its members account for around 98% of UK residential mortgage lending. Our aim is to help to foster a favourable operating environment in the UK housing and mortgage markets. We are the representative voice for the residential mortgage lending industry, and the central provider of economic, statistical, legal, research and other market information." That'll be for it's members. Quote Link to comment Share on other sites More sharing options...
Guest Alright Jack Posted June 22, 2006 Share Posted June 22, 2006 it's pretty irrelevant really. the mortgage mechanism is the primary method of inflating the system. the system will collapse if they stop. look at the main chart on the front of this website and see what is happening. exactly the thing that was ridiculed (see kirsty, phil, tony, and gordon video) for so long. the 'soft landing' is taking place. when the prices in the rest of the economy have caught up to the point that the debt level is not posing a mortal threat to the solvency of the system the inflation will begin to ease. by that time we'll probably have recalibrated the currency to avoid £100 big mac meal. we'll all be very, very much poorer (global leveling) and the life expectancy will have fallen below sixty. enjoy the ride. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.