UK mortgage lending hits May record

Mortgage lending in the UK picked up last month as stronger demand led to a new May record, figures indicated today.

UK mortgage lending hits May record
Wed, 20 Jun, 2007 - 10:59

Mortgage lending in the UK picked up last month as stronger demand led to a new May record, figures indicated today.

The Council of Mortgage Lenders (CML) said gross lending hit £30.6bn (€45bn), up 12% on April and higher than the £29bn (€43bn) recorded a year ago.

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