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Mortgage lending climbs 15% to six-month high

Mortgage lending bounced back to a six-month high during June as the market enjoyed its traditional season boost, figures showed today.
A total of £13.1 billion was advanced during the month, 15 per cent more than in May and the highest level since December last year, when lending levels were lifted by people rushing to beat the end of the stamp duty holiday.
But despite the increase, which left advances for the month 7 per cent higher than in June 2009, the Council of Mortgage Lenders warned that activity was still subdued.
Lending levels for the second quarter were 17 per cent higher than during the previous three months at £35.01 billion, although the figure remained down on the £38.49 billion advanced during the final quarter of 2009.



Read more: http://www.dailymail.co.uk/news/article-1296201/Mortgage-lending-climbs-15-month-high.html#ixzz0uEXSsoUr