Mortgage arrears - a guide for MPs
This leaflet aims to provide practical information to assist MPs and their staff when dealing with enquiries from constituents who are having difficulty in meeting their mortgage payments. It covers the key messages that borrowers should be aware of at each stage of the arrears and possession process, and gives details of the organisations that may be able to provide advice and assistance in different circumstances. Download the CMLs Mortgage arrears - a guide for MPs here under 'Helping borrowers.'
Today, we look at trends in remortgaging. Almost seven million borrowers have refinanced since 2005, but current levels of remortgaging are at a 15-year low.
The Council of Mortgage Lenders estimates that total gross mortgage lending increased by 4% on March to £12.1 billion in April, but cautions that meaningful comparisons with last April are difficult.
Brian McCormick, head of mortgages at First Trust Bank, has today been appointed the new chairman of CML Northern Ireland. He replaces Derek Wilson of Ulster Bank who has held the position since April 2011.
First-time buyer activity remained strong in March with the number of first-time buyers increasing by 20% according to data published today by the Council of Mortgage Lenders.
Gross mortgage lending of £4.2 billion across 33,500 mortgages was advanced to buy-to-let landlords in the first quarter of 2013, according to latest survey data from the Council of Mortgage Lenders. This compares with £4.6 billion the previous quarter, and £3.7 billion in the first quarter of last year.
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