Wednesday, May 21, 2014

CML: Mortgage lending up 35% yoy in APRIL

Mortgage lending leap fuels property inflation

UK mortgage lending in April was 36% higher than a year ago, a lenders' group says, as a major bank moves to cool the housing market in London. Gross lending was up 8% compared with March to an estimated total of £16.6bn, according to the Council of Mortgage Lenders (CML). The figures come shortly after Lloyds Banking Group said it would limit lending for higher-value homes. The data includes the first week of implementation of new mortgage rules. Barclays also said that they will lend up to 5.5 times income in certain scenarios.

Posted by khards @ 06:18 PM (2015 views)
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3 thoughts on “CML: Mortgage lending up 35% yoy in APRIL

  • Was this front running MMR requirements? We will see next month.

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  • No prudent lending then….looks like banks have been lending 5+ times into a property bubble of enormous

    Shocking really…..

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  • Property only ever goes’s different this time – new paradigm etc.

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