The Council of Mortgage Lenders (CML) has commented on the housing and mortgage markets. Key updates from the CML’s monthly commentary show that:
- Activity levels in the housing and mortgage markets have picked up over the last few months after a slow start to the year.
- Mortgage lending is currently enjoying its best spell since 2008. The CML estimates that gross mortgage lending increased 12% this year, up to a gross amount of £20 billion in September.
- First-time buyer and mover numbers are now stronger than a year ago for the third month in a row.