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Gross Mortgage Lending Up 10 Percent In May - Cml

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http://uk.finance.yahoo.com/news/gross-mortgage-lending-up-10-percent-in-may-cml-reuters_molt-272781e01338.html?x=0

Gross mortgage lending up 10 percent in May - CML
10:21, Friday 18 June 2010
LONDON (Reuters) - Gross mortgage lending rose 10 percent year-on-year in May to an estimated 11.3 billion pounds, the Council of Mortgage Lenders said on Friday.
However, the CML said the market remained subdued and, while
more buoyant than a year ago,
turnover was a little below that seen towards the end of 2009.
Gross lending may marginally undershoot the existing CML forecast of 150 billion pounds for 2010, it added.
Separate data from the Bank of England showed major banks approved more mortgages in May.

There's that "buoyant" word again.

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There's that "buoyant" word again.

Have we got a new propoganda buzz word for this year ?

Last year "unexpected".

Next year might be "screwed" ?

Edited by TheCountOfNowhere

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http://uk.finance.yahoo.com/news/gross-mortgage-lending-up-10-percent-in-may-cml-reuters_molt-272781e01338.html?x=0

Gross mortgage lending up 10 percent in May - CML
10:21, Friday 18 June 2010
LONDON (Reuters) - Gross mortgage lending rose 10 percent year-on-year in May to an estimated 11.3 billion pounds, the Council of Mortgage Lenders said on Friday.
However, the CML said the market remained subdued and, while
more buoyant than a year ago,
turnover was a little below that seen towards the end of 2009.
Gross lending may marginally undershoot the existing CML forecast of 150 billion pounds for 2010, it added.
Separate data from the Bank of England showed major banks approved more mortgages in May.

There's that "buoyant" word again.

They have to add the bit about uncertainty just incase the BoE takes it into their head and raises the base rate. When is someone going to release figures regarding the impact on savers in a low interest environment?

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Headline based on the YoY figure but no mention of MoM. Call me a cynic but.......

MoM figure is +7% according to the CML website. Can't be arsed with a link. You'll have to google it.

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  • 142 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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