CML ‘More Positive’ about housing market

The Council of Mortgage Lenders (CML) this week announced its Gross Lending figures and have the gross lending in December as £11.7 billion.

Key Facts:

  • Gross lending for the whole year of 2012 was a total of £143 billion
  • This is an increase of £2 billion against the total for 2011.
  • CML forecasts that in 2013 gross lending will reach £156 billion.

Commenting on market conditions in this month’s Market Commentary, CML chief economist Bob Pannell observes:

“We are more positive about the UK housing market and wider economy than a year ago, despite economic headwinds and downside risks.

“A key reason is that lenders currently face few funding pressures, in part reflecting the funding for lending scheme.

“House purchase activity was robust in the fourth quarter, on the back of better mortgage availability and pricing, and we expect this to continue over the coming months.”

Alec Hanson

Related posts:

How is the Property Investor Impacted by the new Govenerment?
So we now have a new government, a new type of government! All great, we hope, for the economy and f...
Look To Go Green In The Office Of The Future
Property developers and investors are more aware than ever that future initiatives will need to incl...
1st October is D-Day for Letting Agents
So at last the Government has agreed that every letting agent in England and Wales must join an auth...