Gross mortgage lending was an estimated £11.5 billion in March, according to the Council of Mortgage Lenders (CML).
The estimated figure for last month represents a 24 per cent rise from £9.3 billion in February and a three per cent rise from £11.2 billion in March 2009.
In spite of this, the CML claimed that the figures are in keeping with the typical seasonal pattern of a rise in lending volumes in March.
Furthermore, the CML has revealed that gross mortgage lending for the first quarter of 2010 was an estimated £29.5 billion, which represents a 24 per cent fall from the fourth quarter of last year.
Paul Samter, CML economist, explained that while housing and mortgage activity remains subdued, it is "comfortably higher than in the depths of the recession a year ago".
He added: "Despite the increase in activity late last year and a subsequent fall early this year - due to the end of the stamp duty holiday - the underlying position looks to have barely changed."
This follows claims made recently by moneysupermarket.com, which revealed that it experienced a 29 per cent rise in the number of Britons looking into the possibility of remortgaging on the price comparison site.
Rise in gross mortgage lending revealed by CML
Mortgage Quote Line
0845 108 0505
Rise in gross mortgage lending revealed by CML
Tue, 20 Apr 2010
Recommended links
UK mortgage lendersMortgage quote
Mortgage calculator
House prices
Mortgage Payment Protection Insurance
First time buyers
International Mortgages
CML reveals mortgage lending improvements
CML anticipates slow recovery for mortgage market
CML argues against regulation on but-to-let mortgages
CML responds to new mortgage regulation proposals
CML explains mortgage rate setting
Mortgage lenders should be informed of debt worries, CML says
CML explains fixed-rate mortgage costs
Mortgage market recovery still not evident, says CML
First-time buyers see low interest rates, says CML
| mortgages news |
|---|
| Yorkshire Building Society makes mortgage more accessible - Thu, 02 Sep 2010 |
| Lloyds TSB launches new fixed-rate mortgage - Thu, 02 Sep 2010 |
| Skipton launches new mortgage range - Wed, 01 Sep 2010 |
| More News |
Mortgage Rates by Lender 
Worried about Mortgage Repayments?
- Join our petition to Government to bail out burdened individuals, not just banks.
Free Mortgage Quote
Mortgages in Scotland
Equity Release
Switching Mortgages
Home Reversion Plans
Commercial Mortgages Arrears & CCJs?
Remortgages- Sub prime mortgages
- Arrears, CCJs
- Self certification
- Debt consolidation
Protect Your Mortgage