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Article: GBP 25.1bn mortgage lending sets record for April
- Article from:
- The Scotsman
- Article date:
- May 20, 2006
- Author:
CopyrightCopyright 2006 The Scotsman. Provided by ProQuest LLC. (Hide copyright information)
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MORTGAGE lending last month produced the highest figure for April
since records began, according to the Council of Mortgage Lenders
(CML).
In a month when the number of working days was shortened because
of Easter, gross lending totalled GBP 25.1 billion, 16 per cent
higher than in the same month last year. It also marked six months of
record lending figures.
But the figure was 12 per cent lower than March's return, when
lending soared to a record GBP 28.4bn.
CML said the lower figure could be the result of there being fewer
working days in April because of the late holiday, saying there had
been just 23 business days during the month, the fewest possible,
compared with 27 during March, ...