Mortgage lending rebound a 'see-saw' pattern
Total mortgage lending bounced back in July, according to the Council of Mortgage Lenders (CML).
Lending to house buyers and people remortgaging rose by 8% from June to the highest monthly level this year of £12.7bn, with the figure up 2% from the same month last year.
However, the CML warned that the figures should be treated cautiously.
Director General Paul Smee said that behind the monthly "see-saw" pattern of lending, the housing market was still "broadly flat".
20 Aug 2012
- From the section Business