House buying remains weak

Published on

While gross mortgage lending increased in September, it was still down 27% year-on-year, according to new data from the Council of Mortgage Lenders.
Gross mortgage lending totalled an estimated £12.5 billion in September, a 2% rise from the £12.3 billion in August.
Gross lending in the third quarter of 2009 was an estimated £38.9 billion, an 18% increase from the second quarter and down 36% from the third quarter of last year.
CML economist Paul Samter said: “House buying activity is running at considerably higher levels than around the turn of the year. However

Latest POLL

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Lloyds expects swell in completions ahead of stamp duty deadline

Lloyds Banking Group anticipates a 50% growth in property completions this month as buyers...

Satchell the latest to leave HTB bridging division

Lorenzo Satchell has become the latest senior member of the bridging team at Hampshire...

Clydesdale Bank to cut mortgage rates across multiple product ranges

Clydesdale Bank has announced a series of rate reductions across its residential mortgage products,...

LV= joins CIExpert’s Insight Zones

LV= has joined CIExpert’s Life & Critical Illness Cover (CIC) and Income Protection (IP)...

Other news

Lloyds expects swell in completions ahead of stamp duty deadline

Lloyds Banking Group anticipates a 50% growth in property completions this month as buyers...

Satchell the latest to leave HTB bridging division

Lorenzo Satchell has become the latest senior member of the bridging team at Hampshire...

Clydesdale Bank to cut mortgage rates across multiple product ranges

Clydesdale Bank has announced a series of rate reductions across its residential mortgage products,...