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Gross mortgage lending up 9%

news  : Gross mortgage lending up 9% Image (031810 1213 CMLMortgage1)The Council of Mortgage Lenders (CML) has estimated that in March 2013 the gross mortage lending in the UK increased by 9% to £11.6 billion.

 

Key Facts:

Commenting CML chief economist Bob Pannell observes:

“Conditions in the housing and mortgage markets continue to show signs of improving. The improvement in funding markets over the past year, reinforced by the incremental benefits of the Funding for Lending Scheme, has been the key catalyst behind stronger housing activity.

“The Help to Buy mortgage guarantee scheme – while still embryonic as yet – holds significant firepower, and has the potential to increase activity from 2014.”

news  : Gross mortgage lending up 9% Image (AlecSignature)



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Posted by on April 25, 2013.

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