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Mortgage Lending Picks Up Again

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However, the CML pointed out that the figures were being bolstered by high levels of remortgaging.

This happens when people stay put but simply move their mortgages to another lender to take advantage of a more favourable deal.

Although he described the property market as robust, the CML's director general, Michael Coogan, cautioned against expecting a big rise in prices next year.

"While it could be tempting to assume this strengthening will continue," he said, "our expectation for the coming year is of relatively subdued transaction levels, mortgage lending moderating a little from recent levels, and house prices rising by about 2%."


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Separately, the British Bankers' Association (BBA) said net mortgage lending, which strips out redeemed mortgages, rose by £5.1bn last month.

I see the BOE's borrow till to you collapse in a heap strategy is well on target .

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  • 301 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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