Statistics
7
Lending data
The following tables show what is currently
happening in the UK mortgage market
Mortgage products slowly start to return
The number of residential mortgages available is slowly increasing, but still the market is dominated by deals for customers with more than a 25% deposit.
Max 60% LTV Max 75% LTV Max 80% LTV Max 85% LTV Max 90% LTV Max 95% LTV Max 100% LTV
Sep-08 69 418 176 161 492 82 7
Oct-08 96 515 192 182 450 57 7
Nov-08 132 629 224 220 453 86 13
Dec-08 156 485 235 153 402 65 12
Jan-09 184 423 228 158 204 30 12
Feb-09 261 422 971 59 94 3 10
Mar-09 272 429 101 169 89 3 10
Apr-09 280 453 100 182 72 3 10
May-09 297 487 107 186 71 3 10
Jun-09 285 507 127 195 77 6 10
Jul-09 290 454 119 190 98 6 10
Aug-09 314 489 137 187 96 9 8
Sep-09 315 509 148 191 106 9 8
Source: Moneyfacts.co.uk 14.9.09.
Table 2: Loans for house purchase and remortgage
Number of house Value of house Number of Value of
purchase loans purchase loans£m remortgage loans remortgage loans £m
July 2009 56,000 7,500 41,000 4,700
Change from June 2009 +24% +27% +21% +12%
Change from July 2008 +19% +6% -53% -61%
Source: CML
Table 3: First-time buyers, lending and affordability
Number Value of Average loan Average income Proportion of
of loans loans £m to value multiple income spent on
interest payments
July 2009 20,400 2,300 75% 3.02 15.0%
Change from June 2009 +18% +21% 75% 3.08 14.9%
Change from July 2008 +22% +10% 86% 3.27 19.8%
Source: CML
Table 4: Home movers, lending and affordability
Number Value of Average loan Average income Proportion of
of loans loans £m to value multiple income spent on
interest payments
July 2009 35,700 5,200 66% 2.70 11.1%
Change from June 2009 +28% +27% 69% 2.76 11.3%
Change from July 2008 +17% +4% 71% 2.91 17.0%
Source: CML
www.mortgageintroducer.com October 2009 Mortgage Introducer
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