mortgage approvals

Nearly one in three mortgage deals on the market are currently broker-only as lenders continue to make a commitment to the intermediary market, research suggests.

House prices will end 2009 higher than they started the year due to price rises in certain areas over the past few months, according to the Royal Institution of Chartered Surveyors (RICS).

Mortgage approvals for house purchase and remortgaging in June have risen above the previous six-month average.

Mortgage approvals in December 2007 reached half the level they achieved in January, according to data from Connells Survey & Valuation.

Mortgage interest payments take up the largest proportion of income for 15 years, according to figures from the Council of Mortgage Lenders (CML).

Rejected mortgage applications rose 60% in the last six months as a result of strict lending criteria since the beginning of the credit crunch, according to MoneyExpert.com.

The number and value of loans has fallen for home purchases and remortgaging, while the buy-to-let market has reached record levels, according to the Council of Mortgage Lenders.

The number of mortgage approvals fell to 119,000 in August, according to figures from the Bank of England.

Net lending to individuals rose to £9.6bn in November from £8.9bn in October and was £0.8bn higher than the previous six month average, according to the latest Bank of England figures.

Public borrowing in the mortgage sector is now falling according to the latest statistics from the Bank of England, as the latest increase in lending is now lower than in previous months and fewer loans are being approved.