Friday, May 21, 2010
Easter causes drop in mortgage lending.. what next?
Council Mortgage Lenders: CML publishes April gross mortgage lending data and calls for funding issues to be addressed
Gross mortgage lending declined to an estimated £10.2 billion in April, down 12% from £11.6 billion in March and 1% from £10.3 billion in April 2009, according to new data from the Council of Mortgage Lenders. This is the lowest April total since 2000 (£9.3 billion). A slight seasonal decline was expected as Easter fell in April this year. Gross lending remains broadly in line with our forecast for lending of £150 billion for 2010 as a whole.
Posted by rob @ 10:48 AM (421 views) Add Comment
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