CCR Magazine

CCRi banner ad
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


Commercial Credit News


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).
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

 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


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.


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

Registered in England No: 05483197