{"id":1713,"date":"2016-07-25T01:24:26","date_gmt":"2016-07-25T01:24:26","guid":{"rendered":"http:\/\/asadkarim.co.uk\/?p=1713"},"modified":"2016-07-21T10:25:40","modified_gmt":"2016-07-21T10:25:40","slug":"june-uk-mortgage-lending","status":"publish","type":"post","link":"https:\/\/www.asadkarim.co.uk\/?p=1713","title":{"rendered":"June UK Mortgage Lending"},"content":{"rendered":"<p>The Council of Mortgage Lenders, a collective club of UK lenders announced on Thursday 21st July the total lending in June.<\/p>\n<p><a href=\"https:\/\/www.cml.org.uk\/news\/press-releases\/gross-mortgage-lending-climbs-in-june\/\" target=\"_blank\">https:\/\/www.cml.org.uk\/news\/press-releases\/gross-mortgage-lending-climbs-in-june\/<\/a><\/p>\n<p>The Council of Mortgage Lenders&#8217; members are banks, building societies and other lenders who together undertake around 95% of all residential mortgage lending in the UK<\/p>\n<p>Total loan advances reached <strong>\u00a320.7bn<\/strong><\/p>\n<p>Now we can do some simple and crude calculations on the number of properties in June, that were financed by mortgages.<\/p>\n<p>Total lending = \u00a320.7bn = <strong>\u00a320,700 Million<\/strong><\/p>\n<p>if say the average of a UK house is \u00a3282,000 and the average deposit is perhaps 10% which is \u00a328,200, then the mortgage needed is \u00a3282,000 &#8211; \u00a328,200 = <strong>\u00a3253,800<\/strong><\/p>\n<p>So \u00a3253,800 = <strong>\u00a30.253800 Million<\/strong><\/p>\n<p>Then total fund of <strong>\u00a320,700 million<\/strong> of mortgages divided by average mortgage of <strong>\u00a30.2538 million<\/strong><\/p>\n<p>= <strong>81,560<\/strong><\/p>\n<p>Thus in June <strong>81,560 homes<\/strong> were financed by mortgages.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Council of Mortgage Lenders, a collective club of UK lenders announced on Thursday 21st July the total lending in June. https:\/\/www.cml.org.uk\/news\/press-releases\/gross-mortgage-lending-climbs-in-june\/ The Council of Mortgage Lenders&#8217; members are banks, building societies and other lenders who together undertake around 95% of all residential mortgage lending in the UK Total loan advances reached \u00a320.7bn Now we [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1713","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/1713","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1713"}],"version-history":[{"count":1,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/1713\/revisions"}],"predecessor-version":[{"id":1714,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/1713\/revisions\/1714"}],"wp:attachment":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1713"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1713"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1713"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}