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The amount lent by mortgage companies fell slightly last month and is 4pc down from the same time last year, the Council of Mortgage Lenders said. economist howard archer from Global Insight said.
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Mortgage lending remains tight and is excluding. It also said 31,000 loans were approved in March compared with 24,000 in February. Howard Archer, chief economist at IHS Global Insight, said: "The.
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"Lenders are wary about extending mortgages to households with fragile finances. That was the largest increase in nearly five years. Howard Archer, the chief UK economist at IHS Global Insight,
Mortgage lending bounced back in June following the election as homebuyers continued to take advantage of a home loans price war. interest rate rise at around the turn of the year. Howard Archer,