UK Mortgage Lending Increases
Mortage lending in May increased 12% compared to April and 1% higher than that of a year ago, however expects are warning that they don’t expect any upturn soon.
Mortgage lenders are expecting the mortgage market to “remain flat” in coming months according to the Council of Mortgage Lenders.
“Distorting effects from Easter and bank holidays cloud the current picture, but the likelihood seems to be for essentially flat levels of lending over the next couple of months” said CML director general Michael Coogan.
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