Mortgage lending is on an "upward trajectory"
after a slow start to the year. Lending to first-time buyers and home movers
increased in the third quarter of the year compared with the previous three
months. It was also on the rise compared with the same period last year, the
Council of Mortgage Lenders (CML) said. Many borrowers are seeing the benefits
of low costs owing to the continuing record low in the Bank rate. Gross
mortgage lending totalled £61.4bn in the third quarter of the year. This was up
18% on the previous quarter and a 12% rise on the third quarter of 2014. Read
more on the CML website.
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