Monthly mortgage lending continues record breaking streak by Finance News Bulletin

Published: 30/11/07

sum mortgage lending hit a record £251 billion in April say information published by the Council of Mortgage Lenders (CML)The figure was 16 per cent up on April 2005, but nonetheless down on the month before demonstration is traditionally a mortgage hotspot as Easter boosts lending

"The evidence figures we have witnessed over the past six months illustrate that the marketplace is in robust shape," supposed CML director general Michael CooganHe added that the booming mortgage market of the last six months should not necessarily be seen as a lasting tendency, however"The level of novel mortgage approvals has stabilised in recent months, and we do not expect the fundamental level of lending to go up from recent levels," Mr Coogan said"In the past couple of months the interest rate picture has distorted and monetary markets are expecting the Bank of England to raise rates this summer

"If this happens, accommodation and mortgage market action is likely to slow down from the recent high levels as the year progresses"Currently rates have remained steady however and, with more competition in the mortgage market than ever before, it remains a great occasion to compare mortgage ratesMoneyExpert Limited is authorised and keeping pace by the Financial Services Authority (FSA Registration No 301654)

The monetary Services Authority does not regulate some forms of mortgage agreement, credit cards, personal loans,

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