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

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…

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Loans for house purchase at a near 2 year low in January according to CML

New data for January released yesterday by the  Council of Mortgage Lenders (CML) headlined ‘Home buying activity declines in January’. In January, home buyers borrowed £8.4bn, first-time buyers borrowed £3.6bn for home-owner house purchase, home movers borrowed £4.9bn. In the report CML stated: The number of loans advanced for house purchase in January was at…

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