Figures point to housing market revival in UK

Banks and building societies have reported their best month for mortgage lending since 2008, in a further sign that the housing market is recovering.

Figures point to housing market revival in UK

British banks and building societies have reported their best month for mortgage lending since 2008, in a further sign that the housing market is recovering.

The Council of Mortgage Lenders (CML) said that mortgage lending soared by one fifth (21%) in May compared with April, with an estimated ÂŁ14.7bn worth of mortgages advanced in May.

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