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21/05/2009
Mortgage Lending Falls By 9%
Mortgage lending declined to an estimated £10.4 billion in April, down 9% from £11.4 billion in March and 60% from £26.1 billion in April 2008, according to new data from the Council of Mortgage Lenders (CML).
The CML said there is a slight fall for seasonal reasons as Easter fell in April this year, compared to March last year. Taken together, lending for March and April is down 57% on a year earlier.
CML Director General Michael Coogan said: "It's still too early to spot a clear pattern of recovery in the housing market as some commentators have suggested.
"Activity remains weak, and we have said we will see volatility in monthly lending figures as we bounce along at the bottom of the market. Our forecast for gross lending of £145 billion in 2009 remains unchanged."
(CD/JM)
The CML said there is a slight fall for seasonal reasons as Easter fell in April this year, compared to March last year. Taken together, lending for March and April is down 57% on a year earlier.
CML Director General Michael Coogan said: "It's still too early to spot a clear pattern of recovery in the housing market as some commentators have suggested.
"Activity remains weak, and we have said we will see volatility in monthly lending figures as we bounce along at the bottom of the market. Our forecast for gross lending of £145 billion in 2009 remains unchanged."
(CD/JM)
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21 May 2004
Upward trend in mortgage lending continues rise, says report
Mortgage lending in April totalled £25 billion, 1% higher than in March and 25% higher than in April last year, according to the latest lending data from the Council of Mortgage Lenders (CML). House purchase loans accounted for 51% of gross lending, at £12.8 billion, matching the record figure of October last year.
Upward trend in mortgage lending continues rise, says report
Mortgage lending in April totalled £25 billion, 1% higher than in March and 25% higher than in April last year, according to the latest lending data from the Council of Mortgage Lenders (CML). House purchase loans accounted for 51% of gross lending, at £12.8 billion, matching the record figure of October last year.
18 August 2011
Mortgage Lending Remains Subdued
Mortgage lending in July has remained virtually unchanged according to new data from the Council of Mortgage Lenders (CML). Gross mortgage lending was an estimated £12.6 billion, this is 1% lower than June’s gross lending figure of £12.68 billion and a 6% fall from £13.3 billion in July 2010.
Mortgage Lending Remains Subdued
Mortgage lending in July has remained virtually unchanged according to new data from the Council of Mortgage Lenders (CML). Gross mortgage lending was an estimated £12.6 billion, this is 1% lower than June’s gross lending figure of £12.68 billion and a 6% fall from £13.3 billion in July 2010.
22 April 2009
Mortgage Lending Begins To Rise
Gross mortgage lending was an estimated £11.5 billion in March, a 16% rise from £9.9 billion in February but a 52% decline from £24.2 billion in March 2008, according to new data from the Council of Mortgage Lenders (CML).
Mortgage Lending Begins To Rise
Gross mortgage lending was an estimated £11.5 billion in March, a 16% rise from £9.9 billion in February but a 52% decline from £24.2 billion in March 2008, according to new data from the Council of Mortgage Lenders (CML).
18 November 2010
Gross Mortgage Lending Falls
Gross mortgage lending in October was an estimated £12.4 billion, unchanged from September but down 9% from £13.6 billion in October 2009, according to new data from the Council of Mortgage Lenders. This is the lowest October total since 2000 (£9.9 billion).
Gross Mortgage Lending Falls
Gross mortgage lending in October was an estimated £12.4 billion, unchanged from September but down 9% from £13.6 billion in October 2009, according to new data from the Council of Mortgage Lenders. This is the lowest October total since 2000 (£9.9 billion).
20 August 2009
Retail Boost As Mortgage Approvals Rise
UK retail sales in July rose by 3.3%, compared with the same month last year, the latest figures have revealed - and mortage approvals are also slowly increasing. The Office for National Statistics reported that the biggest increase in sales were seen in clothing and footwear stores, with sales rising by 10.3%.
Retail Boost As Mortgage Approvals Rise
UK retail sales in July rose by 3.3%, compared with the same month last year, the latest figures have revealed - and mortage approvals are also slowly increasing. The Office for National Statistics reported that the biggest increase in sales were seen in clothing and footwear stores, with sales rising by 10.3%.
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