The Council of Mortgage Lenders (CML) has published data for July and is describing gross mortgage lending for the month as “subdued”. The Council’s members, which provide around 98% of all residential mortgage lending in the UK, collectively lent £24.8 billion. The figure represents a 27% decline on July 2007 but is 5.0% up on the level [...]
July mortgage lending 27% down year-on-year
