Mortgage lending jumps 15% in June

Figures from the Council of Mortgage Lenders (CML) show lending rose to an estimated £13.1bn in June, up from £11.4bn in May. This also represent a 7% increase from the £12.2bn recorded in June last year. Gross lending in Q2 was an estimated £35bn, up 17% on the first three months of the year and 7% on the same period in 2009. The CML says lending in the first half of 2010 remained unchanged from H1 2009, at £65bn. CML economist Paul Samter says: "Our gross lending estimate of £13.1bn in June represents a seasonal pick-up and is higher than June last year, but is still indicative ...