The mortgage market is experiencing "strong upwards momentum" and gross lending may top £200bn for the first time in seven years in 2015, but there is little evidence of a housing boom developing, according to the Council of Mortgage Lenders (CML).
The government is undermining its own Help to Buy scheme by imposing a large tax burden on first-time buyers, the Council of Mortgage Lenders (CML) has argued.
Banks and building societies stepped up lending by 29% year-on-year to advance £16.6bn in July, Council of Mortgage Lender figures have revealed.
Mortgage lending hit a five-year high in May providing yet further evidence of the resurgence of the property market.
The Council of Mortgage Lenders (CML) said it is important for borrowers to know the difference between the types of mortgage fees after BBC Watchdog examined lenders "squeezing" homebuyers with large arrangement charges.
Deputy governor for Monetary Policy at the Bank of England Charlie Bean has said lower inflation next year should both support the mortgage market and consumer spending.
The number and value of remortgages taken out in August increased by more than 30% on the same period of last year, as the market showed "welcome signs of life", according to the CML.
Gross mortgage lending reached an estimated £13.4bn in August, a 10% rise from £12.1bn in August 2010, according to the Council of Mortgage Lenders (CML).
A near-£2bn increase in mortgage lending last month may be no more than a "flash in the pan" reflecting concerted efforts from lenders to meet their mid-year targets, according to chartered surveyor e.surv.
Britain faces a wave of home repossessions when interest rates begin to rise again, one of the country's leading bankers has warned.
The Council of Mortgage Lenders has appointed Paul Smee as its incoming director-general, starting on 1 August.
Colin Walsh, chairman of the Council of Mortgage Lenders (CML), is set to leave the organisation.
The 8.1% increase in house prices in the first half of 2011 will largely reverse in the next six months, as oversupply of property runs up against lack of funding, according to Rightmove.
Gross mortgage lending in March was an estimated £11.3bn, a 21% rise from £9.3bn in February, according to CML data.
The housing trade bodies have given their response to the key announcements outlined by the Chancellor George Osborne in the Budget today.
House purchase lending fell 26% in January to £4.2bn, as an "unusual combination of factors" drove buyers from the market, according to the CML.
Michael Coogan, director general of the Council of Mortgage Lenders, has announced that he will be stepping down from his role in August.
Gross mortgage lending fell 13% to an estimated £9.2bn in January from £10.6bn in December, as the market shows little signs of rebounding, according to the CML.
The typical deposit needed by first-time buyers to secure a property has almost trebled in the last three years and now tops £31,000, according to the Council of Mortgage Lenders (CML).
Unhelpful commentary and "assumptions" about the FSA's proposals for the mortgage market are proving a "distraction" and impeding the debate, the FSA says.
Nearly 4,000 more people remortgaged in November than October last year, according to Bank of England figures.
Gross mortgage lending in November fell to its lowest figure since 2000 at an estimated £11.1bn, according to the CML.
The CML has declared the contraction in mortgage lending "the most severe on record", with mortgage loans down by more than 50% and gross mortgage lending down 55% since 2007.
The outlook for mortgage lending is likely to stay subdued, according to Council of Mortgage Lender chairman Matthew Wyles speaking at the trade body's conference today.