Mortgage Lending Falls in May
Mortgage lending fell in May, to £10.3bn, a fall of 2% on April, and 58% lower than May 08.Lending for home buyers appears to have been rising but lending for remortgaging or people changing their mortgage provider, has fallen.
According to the Council of Mortgage Lenders, the volume of lending has mortgage lending has stabilised, but at a very low level.
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