UK Commercial Property Rapid Response Lending to commercial property (May 23) Net lending to commercial property remained in positive territory in May at £621m. And over the past three months, lending has totalled £2.3bn, the highest figure since June 2020. Commercial property... 29th June 2023 · 1 min read
UK Housing Market Chart Pack Higher rates make further house price falls inevitable Higher mortgage rates have not only priced many buyers out of the market altogether, but also reduced the size of mortgage those still able to buy can take out. The latest surge in mortgage rates to... 28th June 2023 · 10 mins read
UK Housing Market Focus What will be the damage from 6% mortgage rates? A return to mortgage rates of around 6% for the first time since 2007 guarantees a renewed slump in mortgage lending and a further leg down in house prices. Were mortgage rates to be sustained at that... 20th June 2023 · 15 mins read
UK Housing Market Data Response Mortgage Lenders and Administrators Return (Q1 23) With mortgage rates surging, the number of loans issued to buy a home dropped sharply in Q1, with Buy-to-Let lending seeing the most severe drop. Those that did press ahead with a home purchase... 13th June 2023 · 2 mins read
US Commercial Property Rapid Response Commercial Property Lending (May) While bank net lending to commercial real estate (CRE) turned positive again in May, growing signs of distress for existing loans point to further weakness ahead. The $13.7bn growth in loans secured... 12th June 2023 · 3 mins read
UK Housing Market Update Refinancing risks increase The recent upward revision to our mortgage rate forecast and the fact that the majority of those that need to refinance this year are on two-year fixes means that we are now more worried about the... 8th June 2023 · 3 mins read
US Housing Market Rapid Response Mortgage Applications (May) Mortgage applications for home purchase fell to their lowest level in almost 30 years in May, as a renewed rise in mortgage rates weighed on demand. This points to further near-term weakness for home... 7th June 2023 · 1 min read
UK Housing Market Rapid Response BoE Mortgage Lending (April 23) The renewed decline in mortgage approvals in April will have dashed hopes that the jump in March marked the start of a recovery. Moreover, with mortgage rates now on their way back up, lending is... 1st June 2023 · 2 mins read
UK Commercial Property Rapid Response Lending to Commercial Property (Apr.) 1st June 2023 · 1 min read
UK Housing Market Update Rise in mortgage rates will trigger renewed downturn The upward revision to our Bank Rate forecast suggests that mortgage rates will return to a similar peak as last autumn by the end of the year. That would undermine the recent pick-up in mortgage... 30th May 2023 · 2 mins read
UK Housing Market Update Tight supply limits US and UK house price falls The increase in mortgage rates has been the main determinant of the size of house price falls in developed market economies. Very tight supply in the US, and to a lesser extent the UK, has also... 25th May 2023 · 4 mins read
US Commercial Property Data Response Commercial Property Lending (Apr.) Net commercial real estate (CRE) lending slowed sharply once again in April. Lending against all commercial sectors turned negative for the first time in nearly six years, and with little in the way... 15th May 2023 · 3 mins read
UK Housing Market Update Longer mortgage terms ease affordability constraints Borrowing over a longer period significantly reduces monthly mortgage payments. So the accelerated shift towards loans with a term of 35 or 40 years rather than 25 has probably helped to mitigate the... 15th May 2023 · 3 mins read
Europe Commercial Property Update Sweden's property credit crunch intensifies The recent downgrading of Swedish property company SBB’s credit rating to “junk” and the ensuing market fallout have highlighted financing fragilities in the Swedish property market. But, while SBB is... 11th May 2023 · 4 mins read
UK Commercial Property Data Response Lending to commercial property (Mar.) Even as commercial property investment has collapsed, net lending to property has been stable at close to zero since the start of the year. That suggests investors are building up war chests to snap... 4th May 2023 · 3 mins read
