2013 begins with decline in gross mortgage lending

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Published by Max Salsbury for 24dash.com in Housing and also in Finance

Gross mortgage lending declined by nine percent in January, according to the Council of Mortgage Lenders' latest estimates. The CML has calculated that borrowing dropped to £10.4bn in January, down from December's gross lending figure of £11.4bn. The figure also represented a three percent drop on January 2012's total of £10.7bn. CML market and data analyst Caroline Purdey said: "Housing sentiment remains positive, despite ongoing economic pressures. A worsening in the outloo...

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