22/04/2009

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).

Gross lending for the first quarter was an estimated £33 billion, a 29% decline from the fourth quarter of 2008 and the lowest quarterly lending total since the first quarter of 2001. A seasonal fall of 10% is typically experienced between the fourth and first quarter.

This first quarter is broadly in line with our expectations for £145 billion in gross lending this year.

CML director general, Michael Coogan said: "While the market is beginning to show some signs of stabilising, housing transactions and lending are set to remain low for the foreseeable future.

"Today's Budget does provide the opportunity for action to reinforce the housing market. In particular we would like to see the government extend and simplify low-cost home-ownership, raise the stamp duty threshold to £250,000, and expand existing support schemes for borrowers in difficulty."

(CD/BMcC)

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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.
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).
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.
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.
20 October 2009
Mortgage Lending 'Dropping'
Gross mortgage lending totalled an estimated £12.5 billion in September, a 2% rise from the £12.3 billion in August - but down 27% from September 2008 - according to new data from the Council of Mortgage Lenders (CML). Gross lending in the third quarter of 2009 was an estimated £38.