Mortgage lending in UK soars to new high

Rising house prices and a boom in demand during the early summer pushed mortgage lending in the UK to another record high today.

Mortgage lending in UK soars to new high
Wed, 20 Sep, 2006 - 15:48

Rising house prices and a boom in demand during the early summer pushed mortgage lending in the UK to another record high today.

The Council of Mortgage Lenders (CML) said gross mortgage lending reached £32.7bn (€48.6bn) in August, up from £30bn (€44.6bn) in July and the 10th monthly record in the past year.

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