Gross lending a mixed bag of figures

news  : Gross lending a mixed bag of figures Image (165 clip image001)The CML has reported lending figures for January 2012 to be down by 14% to £10.5 billion since December 2011.

However this is actually up by 10% year on year since January 2011. Although seasonal decline is expected the CML have shown that January was actually the sixth month in a row of higher lending.

In today’s CML market commentary, CML chief economist Bob Pannell comments:

“Housing and mortgage market sentiment has improved a little over recent weeks.

“The increase in lending compared to January last year helps support our view that housing and mortgage market activity may be boosted by first-time buyers seeking to complete deals before the stamp duty concession ends in March.

“Should inflationary pressures continue to fall back, the squeeze on household finances should ease progressively and help support stronger economic recovery going into the second half of the year. This can only be good news for the housing market further down the track.”

news  : Gross lending a mixed bag of figures Image (AlecSignature)

Related posts:

Landlords urged to protect properties from squatters
Founder of Landlord Action Paul Shamplina explained people moving into a property without permission...
CML see mortgage lending up by 8% - but just another blip in the flat market
The Council of Mortgage Lenders reported their estimates gross mortgage lending in July had increase...
RICS sees stable price picture & increased Activity
The January 2013 Housing Market Survey from RICS reports some positive signs in the UK market.