June mortgages up
Series: Council of Mortgage Lenders Press Release ; 20 July 2004 (2)Publication details: 2004Subject(s): Summary: The Council of Mortgage Lending has just released figures for June 2004. Gross lending totalled a record £37.8bn, 15% higher than the £24.2bn lent in May and 24% higher than the £22.4bn lent for the same period in 2003. Lending for house purchase reached its highest ever monthly figure of £13.6bn and remortgaging also showed a substantial rise of 16% to £10.8bn. It also worryingly revealed that first-time buyers are now borrowing on average more than three times their income. Further information can be found on the website: http://www.cml.org.uk/servlet/dycon/zt-cml/cml/liv e/en/cml/home. http://www.cml.org.uk/servlet/dycon/zt-cml/cml/liv e/en/Text/press_releases_2004_0720| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| News article | London News article | WB4028-09 (Browse shelf(Opens below)) | 1 | Available | 126915-1001 |
The Council of Mortgage Lending has just released figures for June 2004. Gross lending totalled a record £37.8bn, 15% higher than the £24.2bn lent in May and 24% higher than the £22.4bn lent for the same period in 2003. Lending for house purchase reached its highest ever monthly figure of £13.6bn and remortgaging also showed a substantial rise of 16% to £10.8bn. It also worryingly revealed that first-time buyers are now borrowing on average more than three times their income. Further information can be found on the website: http://www.cml.org.uk/servlet/dycon/zt-cml/cml/liv e/en/cml/home. http://www.cml.org.uk/servlet/dycon/zt-cml/cml/liv e/en/Text/press_releases_2004_0720