Monday, June 20, 2011
Still going strong that well used line of Royal Weddings and Easter Holidays
Gross mortgage lending up 12% in May
Gross mortgage lending increased by 12% in May compared to the previous month, Council of Mortgage Lenders’ figures show. Gross lending totalled an estimated £11.3bn in May, up from £10.1bn lent in April and 1% higher than in May 2010. The increase represents a bounce back after a 14% drop in April blamed on the Royal Wedding and Easter holidays.The data includes lending for both house purchase and remortgage. Despite a modest pick-up in overall lending activity during May, lending for house purchase is running below year earlier levels – as April Bank of England approvals data indicate.
Posted by jack c @ 10:32 AM (1540 views)
3 thoughts on “Still going strong that well used line of Royal Weddings and Easter Holidays”
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
will says:
It would be interesting to know the split between ‘home purchases’ and ‘equity release’. I expect the bankers want to keep that part quiet.
cornishtinmine says:
So allowing for the Royal Wedding and Easter holidays lending is down 2% over the last 2 months?
Rental John says:
Same figures – different slant:
Rise in mortgage lending ‘fuelled by remortgaging’
http://www.guardian.co.uk/money/2011/jun/20/rise-mortgage-lending-fuelled-remortgagers