New Mortgage Guides

Other Mortgage Guides

Mortgage Types

Mortgage Tools

Mortgage lending shows slight recovery
Thu, 21 Aug 2008
Gross mortgage lending showed a slight improvement in the month of July, it has been revealed.

According to figures from the Council of Mortgage Lenders (CML), mortgage lending grew by five per cent last month compared to June 2008.

In July, an estimated £24.8 billion was loaned out mortgage lenders, demonstrating evidence of a slight month-on-month recovery.

Nonetheless, Bob Pannell, CML head of research, highlighted that mortgage lenders are not yet out of the woods.

"While there was a small month-on-month increase in activity, it represented a notable decline from a year ago," he commented.

Lending in July was down year-on-year by 27 per cent as recorded by the CML.

The Guardian reports that competition in the mortgage market may be returning, with mortgage lenders cutting their rates .

Link to this page

Copy and Paste the following HTML into your page.

Mortgage lenders

Browse mortgage lender offersMortgage Rates by Lender

  • Browse current mortgage offers from over 90 lenders.
Browse

Worried about mortgage repayments?Worried about Mortgage Repayments?

  • Join our petition to Government to bail out burdened individuals, not just banks.
Sign the petition

Free mortgage quoteFree Mortgage Quote

Apply Here

Mortgages in Scotland Mortgages in Scotland

Read More

Equity releaseEquity Release

  • Unlock equity in your home.
Apply Here

Switching mortgagesSwitching Mortgages

Read More

Home reversion plansHome Reversion Plans

Apply Here

Commercial mortgages Commercial Mortgages

  • Commercial property loans
  • Starting a business?
Apply Here

Arrears & CCJs?

  • Remortgages
  • Sub prime mortgages
  • Arrears, CCJs
  • Self certification
  • Debt consolidation
Apply Now

Protect your mortgageProtect Your Mortgage

  • 3 months free mortgage protection cover
Apply Now

Mortgage Newsletter