New mortgage issues leap forward at CHL

The interim results, revealed as part of parent company Irish Life & Permanent’s results, also revealed CHL has a relatively low number of cases in arrears compared with other lenders. CHL’s results show mortgage balances outstanding have increased by 30%, from £4.1bn last year to £5.4bn at the end of June 2007. Total new mortgage issues increased 62%, from £0.7bn to £1.1bn, which CHL says is due to expansion of business activities across the UK. CHL’s loan book current stands at around 66% LTV and arrears by number are 0.3%, compared with the Council of Mortgage Lenders’ average figur...