Tuesday, Jun 20, 2006
May mortgage lending at second highest amount on record
BBC: May sees bumper mortgage lending
Gross mortgage lending in May hit £27.8bn the second highest figure since records began in May 1987 according to the Council of Mortgage Lenders (CML).
Posted by denzil @ 11:21 AM (184 views) Add Comment
6 Comments
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1. Dadm said...
The CML seem to have a media relations department of similar strength to Number 10 Downing Street.
However, the media accept their press releases ....at face value....without question....no matter how flawed they may be.
...and I have no idea why
2. Sloth said...
Just what the economy needs, more debt.
3. tyrellcorporation said...
C'mon BOE do your job and sort these nutters out!!!
4. harold said...
"The CML said lending was buoyed by a strong (London property market and) consumer confidence."
In other words, "Lending [i.e. MEWing] was 18% higher than in April and nearly 30% higher than in May 2005."
Convincing people to take on yet more debt is not an achievement the CML should shout about.
5. Paul said...
Obviously an MPC interest rate decision is oooh, 3 weeks away. The mortgage industry is playing the MPC like a fiddle.
6. George Monsoon said...
Hey guys and girls.. two words.. "SECOND MORTGAGE"