mortgage market has been resilient and adaptable in 2016 says CML

February 17, 2017

News release from the Council of Mortgage Lenders (CML) this week headlined ‘Mixed picture in December but first-time buyer lending healthy says CML”

New data from the CML released this week reveals house purchase activity increased month-on-month and year-on-year but remortgage and buy-to-let levels decreased.

Paul Smee, director general of the CML, commented: “2016 could have been a potentially destabilising year of regulatory and political change, but the mortgage market has been resilient and adaptable. Home-owner house purchase lending increased, though the buy-to-let sector’s positive lending performance has been driven primarily by remortgaging. We do not expect the market volumes to show a year-on-year increase in 2017, instead it will remain similar to that achieved in 2016”.

Read the news release and data from the CML in full click here.

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

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