Mortgage lending in April reached its highest monthly peak so far this year, says a survey by the British Bankers' Association, but lenders still believe the market will begin to slowdown later this year.
Latest figures from the BBA suggests mortgage lending rose by £6.4bn last month compared with £6bn in March. This is the highest monthly rise yet this year, the BBA says. In addition, mortgage lending accounted for about 86% of total net lending in April, and BBA director of statistics David Dooks says it continues to be a "significant component" of banks' overall lending. Findings by the Council of Mortgage Lenders supports this. According to the CML, there are no signs of a market slowdown, suggesting mortgage lending in April was 25% higher than in the same month last year. ...
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