Monday 20 December 2010

UK mortgage lending fell in November, says CML


Mortgage lending fell 5% in November compared with the previous month and was down 10% on a year ago, lenders say.

Gross mortgage lending stood at an estimated £11.1bn - the lowest figure since April, the Council of Mortgage Lenders (CML) said.

It was also the lowest total in the month of November for a decade.

Lenders said the relatively low level of mortgage lending in the UK was likely to continue in 2011.

Click here to read the full story UK mortgage lending fell in November, says CML