Latest Bank of England data has shown that mortgage approvals slipped by 600 to 65,500 in February from a year ago, following a fall of 400 mortgage approvals in January.
01st April
In the press
Second charge new business up 24% in January 2025: FLA
The second charge mortgage market made a positive start to 2025, with double-digit growth in new business by value and volume.
24th March
In the press
Consumer finance new business grew by 2% in January 2025
New figures released by the Finance & Leasing Association (FLA) show that consumer finance new business grew in January 2025 by 2% compared with the same month in 2024. In the twelve months to...
24th March
In the press
First-time buyers paying extra £4,200 a year on their mortgage
First-time buyers in the UK are facing paying an extra £4,200 a year on their mortgage with increased mortgage payments, which now average £940 per month compared to £590 five years ago, according to...
11th March
In the press
Second charge mortgage new business volumes grew by 16% in December 2024
Commenting on the latest new business figures for the second charge mortgage market, Fiona Hoyle, Director of Consumer & Mortgage Finance and Inclusion at the Finance & Leasing Association (FLA),...
03rd March
In the press
Asset finance new business grew by 7% in December 2024
New figures released by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) grew in December 2024 by 7% compared with the same...
25th February
In the press
Eight in ten mortgage brokers optimistic amid economic challenges
New research reveals that there is healthy optimism among brokers about the future of the UK mortgage sector, despite a challenging economic backdrop, including stamp duty rises expected in April and...
13th February
In the press
Consumer finance new business fell by 1% in November 2024
New figures released by the Finance & Leasing Association (FLA) show that consumer finance new business fell in November 2024 by 1% compared with the same month in 2023. In the eleven months to...
06th February
In the press
Economic growth forecast slashed for 2025
The EY ITEM Club Winter Forecast is predicting that UK GDP growth will be at 1% in 2025, down from the 1.5% growth projected in October’s forecast. This represents only a marginal improvement on the...