U.K. Mortgage Lending Rose to 25-Month High in August, CML Says
This article is for subscribers only.
U.K. mortgage lending rose last month to the highest since July 2009, reflecting stability in the housing market, the Council of Mortgage Lenders said.
Gross mortgage lending rose 6 percent from July to 13.4 billion pounds ($21 billion), the CML said in a statement in London today. That’s the highest for an August since 2008. From a year earlier, lending rose 10 percent.