Monday, September 23, 2013
12% increase in mortgage lending throughout July 2013
The latest figures from the Council of Mortgage Lenders have shown that gross mortgage lending in the UK has risen by 12% to Â£16.7 billion in July of this year. This is compared with Â£14.9 billion seen in June of this year and it is also a rise of 29% when compared with last Julyâ€™s figures. A significant growth was seen in the number of first time buyers obtaining a mortgage throughout July but total home owner house purchase lending also continued to grow.