Bank loans to individuals increased by £2,9 billion during the three months to August 2013, according to the Bank of England (BoE).
Borrowing increased at a faster rate during the quarter than it did in the first six months of the year, largely as a result of higher mortgage loans.
NET mortgage lending also rose during the quarter, with mortgage approvals for house purchases to their highest level in three months leading up to February 2008.
Meanwhile, the Council of Mortgage Lenders (CML) said gross mortgage lending in September was an estimated £16,2 billion, 41 percent higher than September of last year (£ 11.5 billion).
It also said mortgage loan for the third quarter of 2013 was an estimated £49,3 billion, the highest amount since the third quarter of 2008.
The first part of the Guide on a Buy -equity loan in England and Scotland – and the financing for the loan of the regime are believed to be behind the rise. Families also find it easier to gain access to unsecured credit during the three months to August 2013; While effective interest rates on new personal loans fell.
Paul Hunt, CEO of Phoebus Software, said: "there has been a substantial jump of mortgages over the past nine months. It's great to see so many new signs of life in the real estate market that has been static for a bit.
Find the best mortgage for you
"While the economy continues to grow, the whole market is gaining strength and lending should continue to rise. We have started to see impressive on month increases in mortgages and high loan-to-value loan is 60% higher than last year. Mortgage rates are set to remain low for the next three years. Clearly, conditions have eased for borrowers. "
However, the Bank of England reported a fall in lending to businesses by £ 2.3 billion in the three months to August.
This post was made using the Auto Blogging Software from WebMagnates.org This line will not appear when posts are made after activating the software to full version.
ليست هناك تعليقات:
إرسال تعليق