CML: May gross lending still subdued
Thursday, 18 June 2009 12:00 AM
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CML: May gross lending still subdued
Gross mortgage lending declined to an estimated £10.2 billion in April. Lending fell by 19% from £12.6 billion in March but was 2% higher than the total of £10.0 billion in April 2011, according to the Council of Mortgage Lenders.
Gross mortgage lending held steady in February and was an estimated £10.7 billion, according to the Council of Mortgage Lenders. This is almost identical to January’s gross lending total of £10.65 billion and 14% higher than February last year (£9.4 billion).
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