CML: July house purchase lending highest since August 2010

Monday, 12 September 2011 2:54 PM

Overall lending for house purchase rose by both volume and value in July compared to the previous month, according to data released today by the Council of Mortgage Lenders.

The full release is attached and available from the website here:
http://www.cml.org.uk/cml/media/press

Full historical tables are available on request from the press office.
NOTES TO EDITORS

1. The Council of Mortgage Lenders' members are banks, building societies and other lenders who together undertake around 94% of all residential mortgage lending in the UK. There are 11.3 million mortgages in the UK, with loans worth over £1.2 trillion.

2. Source: CML Regulated Mortgage Survey.

3. The Council of Mortgage Lenders does not publish statistics for mortgage approvals. The data in our monthly Regulated Mortgage Survey and gross lending press releases relate to mortgage advances only. A mortgage approval is the firm offer to a customer of a specific amount of credit secured against a particular property. A mortgage advance is the total amount of loan actually provided to the buyer, by the lender. Please see the mortgage statistics timeline on our website for further information.

4. The August 2011 data will be released on Tuesday 11 October 2011.


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