Menu
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)
Related UK National News Stories
Click here for the latest headlines.
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.
20 June 2006
May mortgage lending 'second highest on record'
Gross mortgage lending reached £28.7 billion in May - the second-highest monthly figure on record - according to the Council of Mortgage Lenders. Lending was 18% higher than in April and nearly 30% higher than in May last year. The CML said that it was the strongest May figure on record and only 0.5% below the record for a single month - £28.
May mortgage lending 'second highest on record'
Gross mortgage lending reached £28.7 billion in May - the second-highest monthly figure on record - according to the Council of Mortgage Lenders. Lending was 18% higher than in April and nearly 30% higher than in May last year. The CML said that it was the strongest May figure on record and only 0.5% below the record for a single month - £28.
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).
20 June 2011
Mortgage Lending Boosted
Gross mortgage lending totalled an estimated £11.3 billion in May, according to new data from the Council of Mortgage Lenders (CML). This represented a 12% increase from the £10.1 billion lent in April and was 1% higher than in May 2010. Gross mortgage lending includes lending for both house purchase and remortgage.
Mortgage Lending Boosted
Gross mortgage lending totalled an estimated £11.3 billion in May, according to new data from the Council of Mortgage Lenders (CML). This represented a 12% increase from the £10.1 billion lent in April and was 1% higher than in May 2010. Gross mortgage lending includes lending for both house purchase and remortgage.
-
Northern Ireland WeatherToday:It will be cloudy again throughout the day. Mainly dry in the morning, but patchy drizzle in places, becoming more widespread and persistent in the afternoon. Freshening southwesterly winds. Maximum temperature 12 °C.Tonight:Cloudy with a spell of heavy rain pushing south through late evening and the early hours, followed by some clear spells. Minimum temperature 6 °C.
