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Specialist BTL brand enhances lending criteria

Specialist buy to let lending brand Keystone Property Finance has made a series of criteria enhancements aimed at helping both portfolio and non-portfolio landlords. The maximum individual loan available has been increased from £750k to £1m on borrowing up to 65% loan to value. The increase has been...
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Subdued gross mortgage lending in February

The Council of Mortgage Lenders estimates that gross mortgage lending reached £13.4 billion in February. This is 9% down on both January and on last February, in both of which months £14.8 billion was advanced. This is the lowest monthly estimate for gross mortgage lending since April 2013...
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Gross mortgage lending declines in January

The Council of Mortgage Lenders estimates that gross mortgage lending reached £14.3 billion in January. This represents a 14% decrease from December’s gross lending total (£16.6 billion) and is 11% lower than the £16.1 billion lent in January last year.
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2014 repossessions down 26%, says CML

The number of repossessions fell to 21,000 in 2014 – 26% fewer than the 28,900 in 2013, and the lowest number since 2006, according to latest data from the Council of Mortgage Lenders. At 0.19%, the repossession rate was also lower in 2014 than at any time since...
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Gross lending remains steady in December

The Council of Mortgage Lenders estimates that gross mortgage lending reached £16.5 billion in December. This remained unchanged month-on-month compared to November but down 1% compared to December 2013. This means the gross lending estimate for the fourth quarter of 2014 is £51.6 billion, down 8% on quarter...
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Higher LTV loans ebb away in November

Lending to higher LTV borrowers fell 12% year-on-year, according to the latest Mortgage Monitor from e.surv, the UK’s largest chartered surveyor. November had the smallest number of higher LTV borrowers since October 2013. There were 8,250 house purchase approvals to borrowers with deposits worth 15% or less of...
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Mortgage lenders welcome stamp duty reform

The Council of Mortgage Lenders has welcomed the announcement by the Chancellor in the Autumn Statement of the reform of stamp duty land tax away from the current slab structure to a marginal system. The CML has long argued for such a reform. CML director general Paul Smee comments:
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