CML: Small fall in lending for September

Friday, 11 November 2011 5:30 PM

Loans for both house purchase and remortgage fell slightly in September, according to new 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 October 2011 data will be released on Friday 9 December 2011.


CONTACT
Jayne Walters – 020 7438 8922
Sue Anderson – 020 7438 8924
Bernard Clarke – 020 7438 8923

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Sue Anderson – 07983 388755
Bernard Clarke – 07983 388672

CML PRESS OFFICE
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