Gross Mortgage Lending
Overall lending for house purchases hit its highest level in almost a year in July, according to the latest figures from the Council of Mortgage Lenders (CML).
A near-£2bn increase in mortgage lending last month may be no more than a "flash in the pan" reflecting concerted efforts from lenders to meet their mid-year targets, according to chartered surveyor e.surv.
Mortgage providers have been criticised for plans to penalise consumers who are paying into pension schemes by restricting the sums they can borrow.
Other Gross Mortgage Lending articles
Mortgage lending increased by £1.8bn in January, the highest amount since February last year, the Bank of England has reported.
Gross mortgage lending fell 13% to an estimated £9.2bn in January from £10.6bn in December, as the market shows little signs of rebounding, according to the CML.
Gross mortgage lending in November fell to its lowest figure since 2000 at an estimated £11.1bn, according to the CML.
The outlook for mortgage lending is likely to stay subdued, according to Council of Mortgage Lender chairman Matthew Wyles speaking at the trade body's conference today.
The FSA will recruit 30 more lawyers and investigators to combat commercial crime, even as it faces being broken up, according to reports.
Mortgage lending fell between March and April, according to the Bank of England's latest Trends in Lending report.
Sammon Mortgage Management, a new mortgage brokerage, has launched to service clients in Central and Greater London.
Seasonal factors are being attributed to a 5% boost in gross mortgage lending in October.
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