Gross Mortage Lending Falls In January

Gross mortgage lending fell 13% to an estimated £9.2bn in January from £10.6bn in December, reports the Council of Mortgage Lenders (CML).

Peter Charles, an economist at the CML, said: “The Bank of England’s inflation report noted that the UK banks face a significant funding challenge over the next couple of years. In total, including funding supported by the public support schemes, around £400bn to £500bn of wholesale term debt is due to mature by the end of 2012.

“This implies that, even in the unlikely event of a marked upturn in mortgage demand, the level of activity in the mortgage market can be expected to remain constrained.”

<--- return to news section

Profit Now From The UK Lettings Boom!

Don't delay, call us now on 01722 414 300 or for further info please register here

Alternatively, get started today with our unique business start-up packages - available from only £279.95 (inc. VAT), a fraction of what you will make from your first let property alone!

To order and get started today please click here

Need a professional website for your new letting agency? For further info please click here

Referral Scheme Pack

Discover how to set up and operate a successful landlords referral scheme in your own agency.

To find out more about this great additional letting agency training product please click here

4 Everything Property.com

4EverythingProperty.com is the UK portal for property agency and property industry service providers.

To find out more or list your company today please click here