|
|
|
|
Rss
| Council of Mortgage Lenders |
| North West Wing |
| Bush House |
| Aldwych |
| London WC2B 4PJ |
Tel: 0845 373 6771
Fax: 0845 373 6778
Email: info@cml.org.uk
Web: www.cml.org.uk
Michelle Vosper
Public Affairs Manager
Tel: 020 7438 8926
Email: michelle.vosper@cml.org.uk
Brian McCormick, head of mortgages at First Trust Bank, has today been appointed the new chairman of CML Northern Ireland. He replaces Derek Wilson of Ulster Bank who has held the position since April 2011.
First-time buyer activity remained strong in March with the number of first-time buyers increasing by 20% according to data published today by the Council of Mortgage Lenders.
Gross mortgage lending of £4.2 billion across 33,500 mortgages was advanced to buy-to-let landlords in the first quarter of 2013, according to latest survey data from the Council of Mortgage Lenders. This compares with £4.6 billion the previous quarter, and £3.7 billion in the first quarter of last year.
The rate of repossession in the three months January to March remained at 0.07% for the fourth consecutive quarter, according to data published today by the Council of Mortgage Lenders. This rate is the equivalent of fewer than 1 in 1,400 mortgaged properties being taken into possession by lenders each quarter.
It is now more that four years since Bank rate was cut to 0.5%, in March 2009. Our main article today looks at what the era of low official rates means for lenders and borrowers.
© 2004-2013 Politics.co.uk