YOU ARE HERE: lending » Mortgage lending subdued in July states CML Press release

The Inside Edge

 

Mortgage lending subdued in July states CML Press release

by admin

The Council of Mortgage Lenders today issued a press release stating that Mortgage lending was subdued in July 08.

Although lending was up 5% compared with June, it was down 27% compared to July a year ago, according to the Council of Mortgage Lenders.

Bob Pannell, CML head of research, said:

“While there was a small month-on-month increase in activity, it represented a notable decline from a year ago. This continues the weaker picture seen in June and points towards the more subdued levels of lending we are likely to see in the second half of 2008.”

To see the original release click here.

Subscribe to The Inside Edge – UK Property News and Advice by Email

Related Articles:


Bookmark and Share

Leave a Reply

Your email address will not be published. Required fields are marked *

 

  • CONVEYANCING

    When you buy or sell a house in the UK you need a solicitor to prepare and exchange the contract of sale. Find the best price for conveyancing by using our quote tool to get prices from hundreds of solicitors in your area.

    Get Quotes