Mortgage Lending is making a Comeback
January has seen a rise in the number of UK mortgage lending taking place, compared to the same month a year earlier, according to figures from lenders.
However, the typical seasonal fall that is seen every year meant that the lending seen was actually down on December’s figure, say the Council of Mortgage Lenders (CML).
Gross mortgage lending stood at £10.5bn in January of this year, which is down 12% on December, but up 10% on January 2011’s figure. (more…)