Lenders expect decline in home loan volumes to continue

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Lenders expect decline in home loan volumes to continue

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07-08-2008, 11:59 PM

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Lenders expect decline in home loan volumes to continue

The Council of Mortgage Lenders (CML) has reported that completed loans for house purchases increased by 4% in volume from April to May, to 52,700.The total value of mortgages grew by 2% in May, to £7.9 billion, but remained 44% below the figure for May 2007. Meanwhile remortgaging business fell sharply during the [...]

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