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CML: Mortgage lending slumps further

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  • CML: Mortgage lending slumps further

    Figures published by the Council of Mortgage Lenders (CML) today revealed that gross mortgage lending declined to £12.6 billion in December, down 11% compared with November and 47% compared with December 2007. Meanwhile, the CML said UK mortgage lending for the whole of 2008 plummeted by 30%, which represented the lowest level since 2002. According to [...]

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  • #2
    There is little evidence to suggest that this statistic will improve in the coming months.

    As it has become more difficult for people to obatin mortgages and customer sentiment moved away from purchasing property there is no reason to see why mortgage approvals will increase.
    Worldwide Financial Planning is a specialist independent provider of Large mortgages.