Gross mortgage lending is much stronger than a year ago

30 August 2013

The Council of Mortgage Lenders (CML) estimates that gross mortgage lending in July increased to £16.6 billion which is 29% higher than the total in July last year of £12.9 billion. What's more, there is a significant increase from June which was at £14.8 billion. This is a climb of 12% from June to July this year. 
Caroline Purdey, Market and Data Analyst at the CML, commented: "An improvement in sentiment and activity continues to show in the UK housing and mortgage markets, with a more positive picture also starting to emerge in the economy." 
"Our forward estimate of gross mortgage lending in July reinforces a growing evidence base of a strengthening in the housing and mortgage markets."

The Council of Mortgage Lenders (CML) estimates that gross mortgage lending in July increased to £16.6 billion which is 29% higher than the total in July last year of £12.9 billion. What's more, there is a significant increase from June which was at £14.8 billion. This is a climb of 12% from June to July this year.

Caroline Purdey, Market and Data Analyst at the CML, commented: "An improvement in sentiment and activity continues to show in the UK housing and mortgage markets, with a more positive picture also starting to emerge in the economy." 

"Our forward estimate of gross mortgage lending in July reinforces a growing evidence base of a strengthening in the housing and mortgage markets."

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