The supply of mortgages to UK borrowers declined last month, according to a new report. Figures from the Council of Mortgage Lenders (CML) showed that gross lending of home loans fell to £10.4 billion in April, a drop of nine…

Falling mortgage interest payments have contributed to another drop in inflation, new figures have revealed. The Office for National Statistics reported that retail prices index (RPI) inflation declined 1.2 per cent in April, citing the Bank of England’s decision in…

Lenders have been praised for helping homeowners who are having debt management issues to avoid repossession. Stephen Sklaroff, director general of the Finance and Leasing Association (FLA), hailed mortgage providers for their efforts to keep the level of repossessions down…

The mortgage industry must work to promote the benefits of impartial debt advice, it has been claimed. Robert Sinclair, director of the Association of Mortgage Intermediaries, made the assertion following a conference on the state of the homeowner loans market…

More competition in the financial services sector would be beneficial for borrowers, it has been suggested. Phil Jones, personal finance campaigner at consumer body Which?, said that the trend for companies such as supermarkets to offer loans or insurance can…

A decision by the Bank of England to increase the size of its asset purchasing scheme could boost the flow of finance into the UK marketplace, it has been claimed. Royal Institution of Chartered Surveyors senior economist Brigid O’Leary said…

Banks are likely to refrain from increasing the flow of lending to consumers in the near term, an expert has suggested. Recent figures from the Bank of England showed that the increase in lending seen in March was less than…

The number of home loans approved grew in between February and March, newly released statistics have revealed. Research from the Bank of England has shown that 39,230 mortgages were borrowed in March, up from 37,716 the month before. In addition,…