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Article: Summer revival in mortgage lending stretches on

Article from:
The Scotsman
Article date:
August 19, 2006
Author:
Copyright

MORTGAGE lending remained robust last month as the housing market's summer resurgence showed little sign of cooling, figures showed yesterday.

The British Bankers' Association (BBA) said net mortgage lending in July rose by GBP 5.7 billion, up on June's rise of GBP 5.6bn and above the average GBP 5.3bn rise over the last six months.

Separate figures from the Council of Mortgage Lenders (CML) said gross mortgage lending reached GBP 30.4bn in July - the strongest July on record. June was also a monthly record.

Lending in July was 6 per cent below the GBP 32.4bn of lending in June, but 19 per cent ...

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