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:

  • Gross mortgage lending estimated at £11.6 billion
  • 9% higher than February gross lending
  • 8% lower than the £12.6 billion of lending in March 2012 – although this was just before the first time buyer stamp duty holiday expired
  • 1st quarter lending in 2013 estmiated to be £33.8 billion, a drop of 9% against the previous three months

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)

Related posts:

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...
Interview with Julie Hanson
I was interviewed by Des recently about my property strategy and tips for investors. You can listen...
How to get from dream to dream home
For Generation Rent, the dream of home ownership may seem like a distant hope, especially when in th...