February mortgage lending highest on record

Despite February typically being the weakest month of the year for mortgage lending, the CML says house-buying activity has remained strong in recent months, thus demonstrating consumer confidence in the housing market. Michael Coogan, CML director general, states: “Today’s gross mortgage lending figure is the fourth record in consecutive months. Confidence in the housing market is strong and demand has returned to the levels we witnessed two years ago.” He adds that areas which saw sluggish activity over the past couple of years such as London and the South East are now seeing a clear ...