June 18, 2010 | Author

Author Alec Hanson

The Council of Mortgage Lenders (CML) figures released today show that gross lending for mortages up estimated at £11.3 bn, up 7% from April.

Although this is postive that lending figures are up, the overall market is still fairly subdued.

“The ground has been cleared for next week’s Budget to be the start of an austerity drive to get the public finances onto a more sustainable footing. We do not expect it to include housing and mortgage specific direct tax measures. But the market will inevitably be affected by how policy impacts on the wider economy – particularly on household finances and confidence.” CML economist Paul Samter.

For more information visit: http://www.cml.org.uk/cml/media/press/2648

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