Investment Property Blog by David Coughlin » mortgage lending http://www.investment-properties-for-sale.co.uk Investment Properties waiting for Investors, No deposits required. UK Property blog Fri, 20 Jan 2012 08:30:20 +0000 en hourly 1 http://wordpress.org/?v=3.1.2 Mortgage lending is up but outlook uncertain http://www.investment-properties-for-sale.co.uk/2009/09/mortgage-lending-is-up-but-outlook-uncertain/ http://www.investment-properties-for-sale.co.uk/2009/09/mortgage-lending-is-up-but-outlook-uncertain/#comments Mon, 21 Sep 2009 15:33:43 +0000 Marta http://www.investment-properties-for-sale.co.uk/?p=439 Continue reading →]]> A recent press release from the Council of Mortgage Lenders (CML) on current UK Lending stated that in July there was a +19% increase on residential property loans compared to the previous year which is the first significant increase since early 2007.

The figures from the CML showed that house purchases accounted for 56,000 loans totalling £7.5bn. This was a +24% increase on June 2009 and a +19% improvement on July 2008.

Whilst the majority of lending was focused on home movers and remortgages, there was an +18% increase in loans to first-time buyers in comparison to the previous month, and this was a +22% increase from July 2008.

Paul Samter, a CML economist, said: “ There is certainly concrete evidence that lending for house purchase is increasing, but t he overall lending picture is likely to stay relatively subdued for some time, especially as the wider economy is far from robust as yet.”

source: www.property-investor-news.com

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