Mortgages Up 30% Year on Year

subedar1 — Tue, 13 Oct 2009 10:08:13 +0000

The Council of mortgage Lenders (CML) said, "The number of mortgages granted rose to 52,700, 29 percent more than in August 2008."

It’s a sign the property market is stabilizing and today’s report adds to evidence that Britain is emerging from its worst recession in a generation.

The number of people remortgaging their homes declined, the CML said. Remortgage loans fell to 32,000 in August, down 57 percent from a year earlier and 22 percent from July.

Mortgage Lending Up In July

subedar1 — Thu, 20 Aug 2009 09:44:13 +0000

The Council of Mortgage Lenders (CML) said that gross mortgage lending rose 26% in July to £16bn.

The lending figure has jumped from £12.7bn in June but represents a 36% decline from the £24.9bn recorded in July last year.

The CML says the figures point to a modest improvement over the summer following "an exceptionally weak winter."

Lending figures still remain at historic lows as July’s £16bn of gross lending is the lowest July figure since 2001 and £11bn lower than the July average over the previous seven years.

Neville Scott Lettings and Property Management » Cml

Mortgages Up 30% Year on Year

Mortgage Lending Up In July