DanAronG
Joined: 17 Oct 2008
Posts: 103
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| Posted: Thu Aug 13, 2009 3:06 pm Post subject: Latest CML data shows market stabilisation |
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The latest data from the Council of Mortgage Lenders (CML) shows signs of further stabilisation within the mortgage market, although transaction levels are still historically weak.
June saw 45,000 loans for house purchases with a value of £5.9m, which is over a 20% increase on Mays figures.
Of the 45,000 house purchase loans, 17,200 were for first time buyers, another increase since May.
The report also looks at affordability measures, and shows that the tightening of criteria seen at the beginning of the credit crunch slowly lifting, with the average income multiple for a home mover up from May to 2.76, and for first time buyers up to 3.08. |
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