Huge leap in mortgage lending

Huge leap in mortgage lending 150 pxNew figures from the Council of Mortgage Lenders (CML) show a huge increase in the level of mortgage lending over the past 12 months. The CML data shows a rise of 29% in gross mortgage lending in July this year, compared to the same time 12 months ago. The figures also show a 12% rise from June 2013 to July 2013, taking gross mortgage lending to £16.6 billion. According to the CML mortgage lending is now at the highest level since October 2008, when the ...