Wednesday, Oct 21, 2009

CML Reports Increased Gross Mortgage Lending

E1 News: CML Reports Increased Gross Mortgage Lending

The report on gross mortgage lending in September, published by the Council of Mortgage Lenders (CML) on its website on Tuesday, October 20th, reveals that UK homebuyers’ mortgage borrowing from banks, building societies and other lending organisations totalled to £12.5 billion in September 2009. The figure is 2% higher than it was in August, but still it is as much as 25% lower than in September 2008. CML report also showed that mortgage borrowing by UK homeowners in the 3 months to the end of September amounted to £38.9 billion – an 18% increase on the 2nd quarter of the year, yet a 36% decrease against the 3rd quarter of 2008.

Posted by uch1405 @ 11:41 AM (648 views)
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