CCR Magazine

You are here  :Home arrow News arrow CML Gross Mortgage Lending in April news - comment
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines


Commercial Credit News


CML Gross Mortgage Lending in April news - comment PDF Print E-mail
Thursday, 19 May 2016
The Council of Mortgage Lenders (CML) figures, released this morning, estimates that gross mortgage lending reached £18.5 billion in April. This is 29% lower than March’s lending total of £26.2 billion, but 16% higher than the £16 billion lent in April last year. 

Responding to the CML release Henry Woodcock, principal mortgage consultant at IRESS, said: “Even with the availability of high numbers of low interest rate mortgages deals, it’s no huge surprise that borrowing in April was so much lower than in March given the false peak which resulted from a rush to beat the Chancellor’s 3% tax hike on BTL. Will we see a rise in lending in May? That will depend on a number of factors. Lenders may increase the number of long-term deals of up to 40 years to tempt borrowers struggling to afford shorter terms, but on the flip side, as the Bank of England interest rate remains static, lenders may increase interest rate margins. The lowest rate tracker deals have already risen by 0.24% in the last six months. The unknown effect of the EU vote in June may further depress lending in May as borrowers wait and see both the result and the impact on lenders and house prices.”

latest issue

CCR Cover

The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.

Read the latest issue online


CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.

As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.

Subscribe to CCR Magazine

CCR World Magazine


Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.

Find out more

GTS Media Ltd
81 Cambridge Road

Registered in England No: 05483197