An upturn in borrowing
NEW figures from the Council of Mortgage Lenders revealed a significant upturn in total mortgage borrowing last month.
Overall, there was an annual 36per cent rise in gross mortgage lending to £16.6billion during April — the largest total reported since April 2008.
Chief economist Bob Pannell said that the Bank of England’s signal that it will be addressing the issues of a housing price boom in the coming months would likely filter into mortgage lending figures.
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules hereComments are closed on this article