News Tag: gross lending
October 20, 2009
The Council of Mortgage Lenders (CML) has reported that gross mortgage lending totalled an estimated £12.5 billion in September, nudging up 2% from £12.3 billion in August.
The figure is still 27% down on a year earlier but puts gross lending in the third quarter of 2009 at around £38.9 billion, an 18% rise on the previous three months.
The latest quarterly figure ...
Gross mortgage lending nudges up 2%
by Gill Montia
April 18, 2008
Latest figures from the Council of Mortgage Lenders (CML) present a mixed picture.
Last month, gross lending increased by 5% on February, to £26.3 billion, but was 17% down on March 2007.
Traditionally, there is a 20% difference between February and March mortgage lending, as the housing market arises from winter lethargy.
This year's low figure for March reflects both a lack of confidence in the housing market and ...
March mortgage lending 17% down
by Gill Montia
