Council of Mortgage Lenders reports record February by Finance News Bulletin

Published: 24/05/07

The total amount of money borrowed last month bankrupt February records, according to the latest figures from the committee of Mortgage Lenders, in news that may be of interest to people looking to find a remortgage deal information from the organisation, which represents the wellbeing of mortgage lenders across the UK, indicates that mortgage lending in February 2007 stood at £246 billionTo put this into context, this is nine per cent higher than the £22

5 billion on loan in the same month of 2006Michael Coogan, director universal of the Council of Mortgage Lenders, supposed that the figures highlighted the buoyancy of the property market at the instant"This is the highest February lending figure on record and reflects the continuing power of the market and the strong desire of many populace to get a foot on the property ladder or move home," he saidLast weekend, the protector published a feature on the extreme mortgage solutions that some homeowners are rotating to in arrange to purchase their first home

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