Housing & mortgage round up: Mortgage lending falls, whilst lenders call for ban on Interest Only mortgage

Housing & mortgage round upMortgage approvals fell significantly last month whilst some lenders call for a ban on Interest Only mortgages. At the same time there are signs of life in the government’s NewBuy mortgage scheme. Mortgage lending falls 19% in April Latest figures show that £10 billion was lent to mortgage borrowers in April, higher than the same time last year but down 19% on March....