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CML estimates £16 billion gross lending in April PDF Print E-mail
Thursday, 21 May 2015

The Council of Mortgage Lenders' (CML) April estimate for total gross lending is £16 billion, 1% down on the previous month and 4% lower than the £16.7 billion of lending last April.

The CML notes in this month's Market Commentary that lending appears to be in the throes of an incipient recovery.
Mohammad Jamei, CML economist, comments:
"Although lending in April was fractionally down on the previous month and year, this followed a stronger March. Overall, we now seem to be on the cusp of a modest lending recovery. Household finances are generally improving as earnings growth continues to outstrip inflation, and mortgages are being offered at extremely competitive rates. As a result, we expect to see stronger lending in future months."

(Source - CML Press Release)


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