Mortgage borrowing rises again, confirms Council of Mortgage Lenders by Finance News Bulletin

Published: 16/12/07

The amount of cash borrowed by mortgage holders grew by more than a tenth last month, the newest mortgage industry figures have revealedAccording to figures from the Council of Mortgage Lenders, gross borrowing strike £306 billion in May 2007To put this into context, it is 12 per cent higher than the £27

4 billion shape declared in AprilIn spite of the increasing borrowing levels, however, the Council of Mortgage Lenders' director general Michael Coogan has optional that mortgage demand may be moderating slightly"While nowadays's lending figure is a new record for the month of May, it does point to that the market is slowing down following the rapid and continued growth we saw last year," he supposedEarlier this month, financial services provider Nationwide Building civilization revealed that annual UK house price inflation reached 10

3 per cent in MayThis noticeable a rise of 01 per cent on the speed noted in the preceding month, sparking concern from many financing analysts that affordability pressures on first time buyers were continuing to produceToday's Most Popular Results Mortgage Enquiry Form Need Life Insurance

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