CCR Magazine

You are here  :Home arrow News arrow London leads the way with highest mortgage sales growth in November
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines

Headlines

 
Commercial Credit News

Headlines

 
London leads the way with highest mortgage sales growth in November PDF Print E-mail
Friday, 16 December 2016
London has stormed ahead with the highest regional mortgage sales growth in November, according to Equifax Touchstone analysis of the intermediary marketplace.  

The capital showed the strongest regional performance with a 7.3% increase in mortgage sales, while the South Coast and South East followed behind with notable growth of 2.9% and 2.7% respectively. Northern Ireland saw the biggest slump at -6.0%.

Buy-to-let mortgage sales for the month jumped 7.8% to £3.0 billion while residential figures for November remained the same for the second consecutive month, at £12.2 billion.

When comparing January to November 2016 to January to November 2015, there has been an overall increase in total mortgage sales of 9.0% (£1.2 billion).

Iain Hill, Relationship Manager, at Equifax Touchstone, said: “Buy-to-let sales have recovered from the drop last month, suggesting that the market is becoming steadier following a few volatile months. After a lacklustre performance in October, it’s promising to see London mortgage volumes picking up, and that, combined with the South Coast and South East regional performance, there are strong signs of positive growth in the south of the UK.

“As we move towards the festive period, and with the end of 2016 around the corner, we watch with great anticipation to see how the market will conclude what has been a very uncertain and volatile year.”

The data from Equifax Touchstone, which covers the majority of the intermediated lending market, shows that the average value of a residential mortgage in November was £191,387 (2015: £186,630) and £163,958 for buy-to-let (2015: £160,653).
 

 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

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