Confusion over latest mortgage lending figures

Mortgage application confusionLatest figures from the Council of Mortgage Lenders (CML) show, according to the BBC, a “subdued” housing market, however the Daily Telegraph describe them as showing a “jump”. Whatever the description the hard facts are that in June total lending to home owners was £12.9 billion, which represents a 16% increase on May 2011 but a fall of 3% on June last year. The figures also show that total lending of £63.7 billion in the first half of this year was only slightly down on the £64.1 billion ...