CCR Magazine

CCRi banner ad
You are here  :Home arrow News arrow "Mortgage market awakening from slumber": West One Loans comments on today's CML figures
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines

Headlines

 
Commercial Credit News

Headlines

 
"Mortgage market awakening from slumber": West One Loans comments on today's CML figures PDF Print E-mail
Thursday, 16 July 2015

Commenting on today’s CML Mortgage Lending figures for June, Stephen Wasserman, director of bridging lender West One Loans, said:

“Mortgage lending has made a sleepy start to 2015, but June’s CML figures show a market awakening from its slumber and going about its business. The nightmare caused by the pre-election uncertainty is well and truly over and home loan borrowers are able to act more decisively now the political pitch is set.

“There is concern among some specialist finance providers that their business levels will suffer now that high street lenders have regained their appetite, but just because mortgage activity levels have picked up, it doesn’t mean that banks are displaying the same enthusiasm to lend to businesses and developers. They have been ably supported by short-term finance over the last few years and won’t abandon this useful source of funding in a hurry.”   
 
(Source - West One Loans Comment)
 

CML Mortgage Lending, June

    •    Gross mortgage lending in June rose by 29% compared to May to an estimated £20.5bn. In addition to the month-on-month rise, there was also a year-on-year increase of 15% on the £17.8 billion of lending undertaken in June 2014.
    •    Gross lending in the second quarter of 2015 came to £52.2 billion which was up 17% from the previous quarter's £44.5 billion, and was a modest increase of 1% on the second quarter in 2014 when it totalled £51.7 billion.

 
CCRI
3 October - Guoman Tower Hotel, Central London 

CCRInteractive, in association with Marston Holdings , is the largest and leading one-day conference from the publishers of CCRMagazine – a truly national and international event for the credit industry.

This landmark event allows delegates to: Learn best practice of how to increase profitable sales in today’s economy. Understand the key compliance issues and how they will impact upon you. Discuss the legislative and regulatory framework and how it will effect you. Consider the potential effects of Brexit on your business. Discover the latest innovations in the market to improve your collections. Motivate your staff to achieve ever improved results.

To book to attend in 2017, contact Stephen Kiely  or Alison Lucas. To find out more about being part of this landmark event, please contact Gary Lucas
CCRI 

 Forums International Ltd

Forums International Ltd

 Attendance at your first meeting is free of charge, and please quote reference 'CCR2016' to receive the special 10% discount off of your first annual subscription.

Find out more here.

latest issue

CCR Cover

The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.

Read the latest issue online

The Credit Excellence Awards

Awards 

Tuesday 3 October - Guoman Tower Hotel, Central London


Do not miss your chance to meet and network with the Winners and Finalists at the Credit Excellence Awards, in association with Hoist Finance.


To book your place to attend, please contact Alison Lucas.


subscriptions

CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.

As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.

Subscribe to CCR Magazine

CCR World Magazine


 

Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.

Find out more

GTS Media Ltd
81 Cambridge Road
Southend-on-Sea
Essex
SS1 1EP

Registered in England No: 05483197