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Mortgage lending rises 5%
Mortgage lending increased by 5% in October to reach £13.5bn, according to the data released by the Council of Mortgage Lenders (CML).
Lending has risen to £13.5bn compared to £12.9bn in September, but October's figure is still down 27% compared to the money that was lent to homebuyers in October 2008.
"This is typical seasonal activity between September and October - the average monthly rise over the last decade has been 5%," said a spokesman for the CML.
Post Date: November 20th, 2009
Lending has risen to £13.5bn compared to £12.9bn in September, but October's figure is still down 27% compared to the money that was lent to homebuyers in October 2008.
"This is typical seasonal activity between September and October - the average monthly rise over the last decade has been 5%," said a spokesman for the CML.
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Post Date: November 20th, 2009
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