May lending is the second highest on record
May lending is the second highest on record
- 2006
- CML Press Release 20 June 2006 .
Gross mortgage lending reached £28.7bn in May, 18% higher than in April and nearly 30% higher than in May 2005. It was the strongest May figure on record, only 0.55 below the single month record set in July 2004 (£28.9bn). There are currently 11.6m mortgages in the UK with loans worth around £1trillion.
United Kingdom--
Gross mortgage lending reached £28.7bn in May, 18% higher than in April and nearly 30% higher than in May 2005. It was the strongest May figure on record, only 0.55 below the single month record set in July 2004 (£28.9bn). There are currently 11.6m mortgages in the UK with loans worth around £1trillion.
United Kingdom--