(CML) Market commentary September 2016
September 23, 2016
The Council of Mortgage Lenders (CML) yesterday 22nd September published their Market commentary September 2016.
The topics mentioned in the lead paragraph as follows.
Hard economic data after the referendum is still scarce, but surveys point to a recovery in sentiment in August
Our estimate of gross mortgage lending for August is £22.5 billion, up 15% compared to a year ago
Prospects for house purchase activity look slightly subdued but remortgage activity could see growth
Following significant monetary stimulus last month, the Bank of England continues to indicate that another rate cut is on the cards, if medium term prospects remain unchanged
To read the publication in full on the CML website click here
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