Mortgage lending figures reach their best since 2008
Mortgage lending in the UK has been improving over the last year
since the introduction of the Funding for Lending Scheme, and this
has continued throughout the early part of summer, according to the
Council of Mortgage Lenders (CML).
The company said that lending figures are now at their best at any
time since 2008 as they continued to grow in July.
Throughout the month, it said that lending in total was sat at
£16.6 billion, a 12 per cent increase since June when it sat
at £14.8 billion.
These figures also showed an impressive annual growth of 29 per
cent, showing the power of governmental help over the last 12
"An improvement in sentiment and activity continues to show in the
UK housing and mortgage markets, with a more positive picture also
starting to emerge in the economy," said CML market and data
analyst Caroline Purdy.