This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Find out more here.
X
MM+cover+small+180914
Categories:Mortgages

October gross mortgage lending up 13% year-on-year

  • Print
  • Comment

Gross mortgage lending totalled £13.1bn in October, a 13 per cent increase on the £11.6bn lent in October 2010, according to data from the Council of Mortgage Lenders.

The figure represents a 4 per cent fall compared to September’s gross lending of £13.7bn.

CML chief economist Bob Pannell says: “The underlying picture in the housing and mortgage markets has not changed dramatically over recent weeks.

“The immediate direction of house purchase activity is a little unclear, although the story for remortgages, with strong year-on-year increases in activity this year, is for the time being more straightforward.”

  • Print
  • Comment

Daily Email Updates
If you enjoyed this article, sign up to receive the latest news and analysis from Money Marketing.

The Money Marketing CPD Centre
Build your annual CPD - you can log and plan your CPD hours for free with The Money Marketing CPD Centre.

Taxbriefs Advantage
Advantage is a digital reference source giving unbiased, independent, answers to your technical queries. Subscribe to Taxbriefs Advantage.

Have your sayEdit my profile/screen name

You must sign in to make a comment

Fund Data

Editor's Pick



Poll

Is Labour right to be concerned about the unintended consequences of the Budget pension reforms?

Job of the week

Latest jobs

View all jobs

Most recent comments

View more comments