First mortgages fluctuate in mixed loans market

04-Jun-2010

Published by Joshua Scott

Total lending of first-time buyer mortgages and loans for people moving house increased in April by £0.5 billion, according to data released by the Bank of England.

House purchase lending was stronger than the previous month's increase of £0.2 billion, but fell short of the preceding six-month average of £1.3 billion, reveals the Bank.

Shared equity and joint mortgages could offer alternatives for first-time buyers trying to join a difficult property market; co-financing from parents, partners or friends might provide the extra capital boost needed for buyers with a small credit footprint.

Remortgaging approvals held steady compared with the average of the last six-months (26,203), but dipped slightly in relation to the figures from March.

Bank data shows the 12-month growth rate fell to 0.9 per cent, while the three-month annualised growth rate fell to 0.8 per cent, down 0.3 percentage points on March.

The Bank of England releases monthly figures on lending to individuals and institutions, including credit card lending and non-property loans and advances.

FirstRungNow can help you through the maze of first mortgages with info about best first mortgages and first mortgages mortgage advice.

Securing first mortgage in Scotland 'is currently difficult'
First-time buyer mortgages launched by lender
Seek first mortgage advice to secure attractive new deals

2012: May | Apr | Mar | Feb | Jan

2011: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2010: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2009: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2008: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2007: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2006: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2005: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar