CCR Magazine

Subscribe Here
You are here  :Home arrow News arrow September mortgage sales up £1.2bn
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines

Headlines

 
Commercial Credit News

Headlines

 
September mortgage sales up £1.2bn PDF Print E-mail
Wednesday, 19 October 2016
Equifax Touchstone analysis of the intermediary marketplace reveals significant growth in the mortgage market with sales up £1.2bn in September, a rise of 8.4% on August. Residential and buy-to-let sales for the month totalled £15.1bn.

September buy-to-let figures jumped by 19.0% to £2.9bn, while residential sales increased by 6.2% to £12.2bn.

Regional performance for the month was mixed; the North West and London topped the list with an increase in sales of 12.7% and 11.7% respectively, while Scotland and Northern Ireland trailed behind with growth of just 1.9% and 0.7% respectively.

Regional area
Total mortgage sales growth in August

North West
+12.7%

London
+11.7%

Home Counties
+9.7%

South West
+8.7%

Midlands
+8.7%

South East
+8.4%

South Coast
+7.5%

Wales
+6.7%

North and Yorkshire
+6.1%

North East
+5.0%

Scotland
+1.9%

Northern Ireland
+0.7%

Iain Hill, Relationship Manager, at Equifax Touchstone, said: “With unseasonal gains in August and encouraging figures for September, the market is showing positive signs for a strong end to the year. These healthy figures are very welcome, particularly in buy-to-let, where we have seen a number of new market entrants in the last year or so. Although we still have a way to go to get back to the levels of business seen in 2015, the signs are promising. We are watching with great anticipation to see what this year’s unpredictable market will reveal next month.”

The data from Equifax Touchstone, which covers 92% of the intermediated lending market, shows that the average value of a residential mortgage in August was £189,771 (2015: £184,891) and £159,466 for buy-to-let (2015: £157,675).

Equifax Touchstone utilises intermediary and customer profiling tools to provide financial services providers with a detailed understanding of their marketplace and client base.
 

 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

CSA

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