Stay updated with breaking news from Phoebus Software. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Net mortgage borrowing in April came to £3.3bn, show new figures from the Bank of England, down from the record £11.5bn seen in March. This, the BoE says that “despite weaker net lending, both gross lending and repayments remain above levels seen since the start of 2020. The recent variability is likely to reflect
Mortgage borrowing hits all-time high in March: BoE By Gary Adams 4 th May 2021 10:01 am Net mortgage borrowing in March hit £11.8bn, Bank of England data details – the biggest number seen since the bank started tracking this data in April 1993. This blows past the last record high, in October 2006, when an additional £10.4bn was borrowed against homes. In the previous month recorded, February 2021, £6.4bn of additional borrowing was counted. The BoE adds that gross lending reached a new high in March, too – £35.6bn in total. The number of house purchase ap...
21 st April 2021 10:42 am The number of residential property sales registered in March was 32.2% higher than the previous month as buyers tried to beat the expected end of the stamp duty holiday, figures from HM Revenue & Customs reveal. The total for March was also double the figure for the same month last year, during which the UK entered its first lockdown. According to the official seasonally-adjusted estimates, there were 190,980 residential property transactions in March, which is an increase of 102.3% on the same time last year. There were 12,530 non residential sales in March, whi...
Phoebus Software has revealed that it intends to raise £10,000 for FareShare, the UK’s largest charity fighting hunger and food waste. Last year, the lender’s chosen charity was Acorn Children’s Hospice, which a total of £8,062 was raised for. The money raised equated to over 230 hours of nurse-led palliative care for children with tailored care plans. According to PSL, it has raised over £1,000 so far for FareShare through internal fundraising events such as an online disco event, a charity raffle, a Super Six football predictor and a rugby Six Nations predictor league. All money ra...
House purchase approval number highest since 2007: BoE By Gary Adams 1 st February 2021 10:29 am The number of house purchase approvals made in 2020 came to 818,500 in 2020, describes data from the Bank of England. This, it says, is the highest number seen in a single year since 2007 and comes off a record low of 9,400 approvals recorded in May 2020. “Recent strength in approvals has more than offset the significant weakness earlier in the year,” says the bank. In December 2020, there were 103,400 house purchases approved with a value of £22.3bn compared to 10...