Mortgage market stabilising but at low volume - CML

Aug. 12, 2009
The mortgage market is stabilising but is still weak, the Council of Mortgage Lenders (CML) has said. Its new figures showed that house purchase loans rose 23% from May to June, totalling 45,000 and worth £5.9 billion. “However, this is less than half the average number of loans in June over the last seven years,” CML commented. It added that …

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