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|CML gross lending figures - Comment from David Copland, TMA|
|Thursday, 21 May 2015|
Following the CML’s estimated lending figures for April, here is a comment from David Copland, TMA director. He says: “We are now a third of the way through the year and gross advances are still lagging behind 2014 completions, albeit by c4%. The question is will the market pick up sufficiently enough to outperform last year as predicted by the CML themselves?
“The landscape looks encouraging. The election is behind us with the government holding a majority, anecdotal evidence that estate agents are getting busy, and the signal from the Bank of England that rates will rise in 2016 may galvanise existing homeowners eventually to consider remortgaging, 2015 has every chance of exceeding 2014’s £205bn.”
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