Mortgage lending up And LandLords Are makinga Killing
The boom in property prices shows no sign of abating with official figures recording the highest ever seasonal mortgage lending and approvals for a May period last month.
MORTGAGE lending strengthened during May, reflecting the upturn in consumer confidence, figures showed.
A total of £28.7bn was advanced through home loans during the month - the strongest May figure since records began in 1995, according to the Council of Mortgage Lenders.
This was 18% higher than April's figure and 30% up on May last year. The record lending figure for a single month is £28.9bn, recorded in July 2004
In ley man terms more people are buying houses and the property is continually increasing
MORTGAGE lending strengthened during May, reflecting the upturn in consumer confidence, figures showed.
A total of £28.7bn was advanced through home loans during the month - the strongest May figure since records began in 1995, according to the Council of Mortgage Lenders.
This was 18% higher than April's figure and 30% up on May last year. The record lending figure for a single month is £28.9bn, recorded in July 2004
In ley man terms more people are buying houses and the property is continually increasing
