Mortgage Market Remains Tight
According to the Council of Mortgage Lenders (CML), a recovery in the mortgage market is still some way off.The number of loans in May for home purchases remained low at just 52,700, a 4% rise on April, but still 44% lower than the previous year's figures.
The CML suugested that the situation is likely to get worse before getting better, with lending levels continuing to remain low.
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