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Mortgage balances outstanding – the total mortgage balances outstanding at a given point of time. Net mortgage lending – the total change in balances outstanding between two points in time, this can also be calculated by adding together the total gross lending in a period, less repayments, redemptions and loan losses in the same time period.
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In 2019 The Cambridge Building Society reported gross lending of £295m and mortgage book growth of 8%. Assets as at 31 December totalled £1.586 billion and profit after tax reached £3.6 million. General reserves were stable at £87.3 million. [15] In 2018 The Cambridge reported a pre-tax profit of £3.2 million [16] and in 2017 £3.8m.
100% mortgages are mortgages that require no deposit (100% loan to value). Examples include: some first-time buyer deals, when perhaps a portion of the loan is secured against a parent's property; concessionary purchase (inter-family property transaction), when the purchase is at below market value; Right to Buy purchase at a discounted ...
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The mortgage market slowed in the third quarter of the year between July and September. The Bank of England’s (BoE) latest data showed Brits borrowed £73.4bn ($97bn) in mortgages between July ...
The Paragon Banking Group PLC is one of the United Kingdom's largest providers of mortgages, savings accounts, and business finance. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
A higher lending charge (HLC) is a charge made by mortgage lenders in the UK when the loan-to-value ratio of a mortgage is higher than they are prepared to accept at standard rates. Typically, HLCs are applied to loans in excess of 90% of the property value although, until the 1990s, the limit was usually 75%.