There was £19.9bn worth of mortgage lending last month, the Council of Mortgage Lenders is estimating.
This is 9% lower than October’s total of £21.9bn, but 23% up on last November’s total of £16.1bn.
The CML is now forecasting lending this year to reach £214bn, up from its earlier estimate of £209bn.
Comments (1)
In other words property values in the UK have risen by 5bn
allowing for deposits, cash purchases and number of transactions staying constant.