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
Thu, 20 Jun, 2013 - 11:41

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 £14.7bn worth of mortgages advanced in May.

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