Estimated gross mortgage lending March is 19% higher than previous month according to CML

April 21, 2017

The Council of Mortgage lenders (CML)  gross mortgage lending estimate for March and market commentary published yesterday 20th April headlined ‘Gross mortgage lending increases 19% in March.

The Council of Mortgage Lenders estimates that gross mortgage lending reached £21.4 billion in March.  Gross mortgage lending for the first quarter of 2017 was therefore an estimated £59.1 billion.

Commenting on market conditions in this month’s market commentary, CML senior economist Mohammad Jamei said: “Mortgage lending appears to be in neutral gear. Our gross estimate for March is £21.4 billion and this is broadly in line with average monthly lending over the past year. Within this aggregate level, there has been a shift towards first-time buyer and remortgage customers, away from home movers and buy-to-let landlords.

“We expect this profile to continue over the short-term, as low mortgage rates encourage existing borrowers to remortgage and government schemes help first-time buyers. We do not expect any marked effect from the General Election.”

Read the CML gross mortgage lending estimate for March and market commentary 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.

You May Also Enjoy

small house bird box
Breaking News

Downsizing out of debt

The best way to become debt free in retirement The latest research from over-50s property specialists, Regency Living, reveals that over-50s can release themselves from financial debt, and all of the physical and mental health issues that can bring, by choosing to downsize to a park home. Financial debt is a common yet difficult burden…
Read More →
Breaking News

UK Property Market Bounces Back After Stamp Duty Slump

The latest research from GetAgent.co.uk reveals  that the UK property market has already bounced back from the momentary slump that followed the expiry of the stamp duty holiday at the end of March, with transaction volumes climbing 42% in May, reversing a sharp -66% drop in April. The research from GetAgent.co.uk analysed Gov data on residential transaction…
Read More →
Breaking News

Fall-Throughs Hit UK Market For Over £275m

Fall-Throughs Cost UK Homebuyers and Sellers Over £275m in Q1 as West One Loans Reports Growing Use of Bridging Finance to Prevent Collapse The latest analysis by West One Loans, a leading provider of property finance and specialist mortgages, has revealed that there has been a significant increase in bridging market activity driven by homebuyers and…
Read More →
Breaking News

Industry Reaction to Halifax House Price Index – June 2025

Nathan Emerson, CEO of Propertymark, comments: “Today’s news suggests that house prices have dropped quarterly and that there has been no monthly increase in house prices, which demonstrates that the UK housing market has faced considerable upheaval in response to a turbulent global economy and Stamp Duty thresholds in England and Northern Ireland increasing from…
Read More →
Breaking News

Halifax House Price Index for June 2025

House prices hold steady as market activity picks up pace • House price growth flat in June at 0.0% vs dip of -0.3% in May • Average property price now £296,665 compared to £296,782 last month • Annual rate of growth edges down to +2.5% from +2.6 in May • First-time buyer numbers have returned…
Read More →
how to present your property for sale
Breaking News

Half of renters say homeownership impossible without financial support

Growth in mortgage and rental spending slows for fourth consecutive month while heatwave eases utility bills   Consumer spending on rent and mortgages grew 4.3 per cent in June, slightly below the 4.6 per cent recorded in May Confidence in the UK housing market fell 3 points to 27 per cent as the Base Rate…
Read More →