BBA highlights mortgage lending growth

Money News

www.moneynews.co.uk > Mortgages > BBA highlights mortgage lending growth

Topics

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Features

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Companies

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Money News

bullet
bullet
bullet
bullet
bullet

BBA highlights mortgage lending growth

The latest data compiled by the British Bankers' Association (BBA) has shown gross mortgage lending in the UK continued to outstrip annual growth in the finance sector during 2011.

According to the organisation's findings, net mortgage lending increased by 1.3 per cent last year, while the lending market as a whole saw gains of 0.8 per cent.

BBA statistics director David Dooks said: "January saw the high street banks approve more mortgages for house purchase than of late, despite low household confidence, as some people try to complete transactions before the stamp duty holiday ends in March."

However, he added that business borrowing remains relatively subdued.

The news follows recent comments by Gary Styles, strategy, risk and economics director at Hometrack, who claimed the first six months of 2012 will play a key role in determining whether lenders ease back on their borrowing criteria, especially for first-time buyers, with a fall in values likely to take place.

Click here for more mortgages newsADNFCR-323-ID-801300994-ADNFCR

Related News : Mortgages

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet