+- South Africa Info Forums (https://globalbuzz-sa.com/forums)
+-- Forum: Europe (https://globalbuzz-sa.com/forums/forum-7.html)
+--- Forum: UK (https://globalbuzz-sa.com/forums/forum-19.html)
+--- Thread: Gross Mortgage Lending Stronger Than A Year (/thread-36.html)
Gross Mortgage Lending Stronger Than A Year - newsroom - 21-08-2013
The Council of Mortgage Lenders estimates that total gross mortgage lending in July increased to £16.6 billion, representing a rise of 12% from £14.8 billion in June and 29% higher than the total of £12.9 billion in July last year. This is the highest monthly estimate for gross lending since October 2008 (£18.6 billion).
Commenting on market conditions in this month's Market Commentary, CML market and data analyst Caroline Purdey observes:
"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."