Tuesday, October 20, 2009

CML – “The rise in mortgage lending is unlikely to continue”

Mortgage lending shows further modest growth

Mortgage lending rose once again in September by 2 per cent to reach £12.5bn, but the figure is still significantly lower than the same month last year. According to new figures from the Council of Mortgage Lenders (CML), there has been a significant pick up in house purchase activity, however, remortgages have continued to decline. The CML revealed that gross mortgage lending totalled £12.5bn in September, a 2 per cent rise from the £12.3bn in August but down 27 per cent from September 2008.Lending in the third quarter of 2009 reached an estimated £38.9bn, an 18 per cent increase from the second quarter but still down 36 per cent from the third quarter of last year.

Posted by jack c @ 10:42 AM (929 views)
Please complete the required fields.



2 thoughts on “CML – “The rise in mortgage lending is unlikely to continue”

  • Lending up. Houseprices up. Gold up, Shares up.
    Joblosses down, Repossessions down. Inflation down.

    Gordon truly is a miracle worker and deserves our support at the election 🙂

    Reply
    Please complete the required fields.



  • mark wadsworth says:

    “Spring bounce, summer bounce, autumn bounce, Winter plateau” 🙂

    Reply
    Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>