The Council of Mortgage Lenders (CML) has published new data showing gross mortgage lending increased 29% compared to the previous month and noted that forward indicators of lending suggest an upturn will be felt in coming months.

CML economist Mohammad Jamei said “Activity is picking up after a slow start to the year. Our lending figure for June may be flattered by the end of political uncertainties related to May’s general election, and the underlying picture is likely to be one of only modest recovery.”