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"Mortgage market awakening from slumber": West One Loans comments on today's CML figures PDF Print E-mail
Thursday, 16 July 2015

Commenting on today’s CML Mortgage Lending figures for June, Stephen Wasserman, director of bridging lender West One Loans, said:

“Mortgage lending has made a sleepy start to 2015, but June’s CML figures show a market awakening from its slumber and going about its business. The nightmare caused by the pre-election uncertainty is well and truly over and home loan borrowers are able to act more decisively now the political pitch is set.

“There is concern among some specialist finance providers that their business levels will suffer now that high street lenders have regained their appetite, but just because mortgage activity levels have picked up, it doesn’t mean that banks are displaying the same enthusiasm to lend to businesses and developers. They have been ably supported by short-term finance over the last few years and won’t abandon this useful source of funding in a hurry.”   
(Source - West One Loans Comment)

CML Mortgage Lending, June

    •    Gross mortgage lending in June rose by 29% compared to May to an estimated £20.5bn. In addition to the month-on-month rise, there was also a year-on-year increase of 15% on the £17.8 billion of lending undertaken in June 2014.
    •    Gross lending in the second quarter of 2015 came to £52.2 billion which was up 17% from the previous quarter's £44.5 billion, and was a modest increase of 1% on the second quarter in 2014 when it totalled £51.7 billion.

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