Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News

 
Loan claim: Gross mortgage lending reached £3.2bn in April

The total of gross mortgage lending by building societies and mutual lenders reached £3.2 billion in April.

This is an increase of 55 per cent compared to the same month last year. However, this is partly due to the dip in activity in April 2012 as buyers had rushed out the previous month to take advantage of the stamp duty tax relief at the time.

Adrian Coles, director general of the Building Societies Association, explained: "One reason for the substantial rise this month particularly is that 31 March 2012 marked the end of the stamp duty holiday for first time buyers. This generated a lull in activity in April 2012."

Meanwhile, the government has been investing in banks as part of two initiatives, the Help to Buy scheme and Funding for Lending Scheme, to encourage consumers to invest in the property market. It hopes that these schemes will see home buyers able to access cheaper mortgages.

Amir Hussain

Amir specialises in personal loans, consumer debt and debt management.ADNFCR-2776-ID-801593173-ADNFCR



Bookmark and Share
Tell a Friend
blog comments powered by Disqus

Enquiry Form

First Name 
Last Name 
Mobile Phone
Home Phone
Address Line 1 
Town
County
Post Code 
Email 
Circumstances
Claim Back Mis-Sold PPI Button

Belmont Thornton Limited is regulated by the Claims Management Regulator in respect of regulated claims management activities; our registration is recorded on the website www.gov.uk/moj/cmr number 18273

Belmont Thornton Limited is incorporated in England and Wales, Company number 6621233, whose head office at Unit 16, Elysium Gate, 126 New Kings Road, London, SW6 4LZ and registered office at Harwood House, 43 Harwood Road, London, SW6 4QP.

Belmont Thornton Limited is registered with the Information Commissioners Office. Registration number Z1728023.

Please note that calls may be monitored for the purposes of staff training.

* Belmont Thornton operates on a "No Win No Fee" basis. This means that there are no upfront costs to pay. Our fee only becomes payable on a successful outcome of a claim. A cancellation fee is payable if you decide that having instructed Belmont Thornton to act on your behalf, and after 14 days of signing your Letter of Authority, you do not wish to continue pursuing your claim with us. The cancellation fee is the reasonable costs incurred for the work undertaken. Please see our terms of engagement.

By using our web-site, you agree that we can place the types of cookies described in our privacy policy on your device.Hide