Housing and mortgage forecasts

Our forecasts are summarised below. The complete forecast can be found on our news & views page.

Last revised August 2010

 

2007

2008

2009

2010f

Residential property transactions, UK, millions  

1.613

0.90

0.86

0.90
(0.85)

Gross advances, £bn

363

253

143

140
(150)

Net lending, £bn

108

40

12

12
(15)

Arrears, 2.5% or more of oustanding
balance at  end period

 

 

 

 

Number

127,800

182,600

196,000

175,000
(205,000)

% of all mortgages

1.08

1.57

1.72

1.54

Possessions in period:

 

 

 

 

Number

25,900

40,000

47,700

39,000
(53,000)

% of all mortgages

0.22

0.34

0.42

0.34

Source: Bank of England, National Statistics, HM Revenue and Customs, CML

Notes:     1.  The HMRC series relates to residential transactions over £40k.  It is a new series which started in April 2005.   
2.  Figures for arrears and possessions relate only to first charge mortgages held by lenders who are members of the CML. They do not include arrears and possessions relating to other secured lending or to firms that are not CML members.     
3.  June 2009 forecasts, where comparable, shown in brackets.
 f - forecast

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