The Council of Mortgage Lenders estimates that gross
mortgage lending reached £20.4 billion in December. This is 4% lower than
November (£21.2 billion), and 4% higher than December 2015 (£19.7 billion).
This brings the estimated total for the year to £246 billion, a 12% increase on
2015’s £220 billion and the highest annual gross lending figure since 2008.
Gross mortgage lending for the fourth quarter of 2016 was therefore an
estimated £62 billion. This is a 3% decrease on the third quarter and closely
matches the 61.8 billion lent in the fourth quarter of 2015. Read more on the
CML website.
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