23 Aug 2010
Chief executive of property investment firm Assetz Stuart Law said the most recent mortgage lending figures from the Council of Mortgage Lenders (CML) show that a trend predating the general election for the market to grow is continuing.
"We saw that the loan-to-values continued to improve and loan interest rates continued to improve," he noted.
This is leading to a rise in lending and this is particularly true of house purchases but also buy-to-let, Mr Law commented.
Figures produced by the CML last week for July showed that gross mortgage lending reached £13.6 billion during the month, compared with £12.9 billion in June.
CML figures for the year to date show April has been the only occasion so far in 2010 when the month-on-month total of lending has declined.
Source: Houseladder Ltd
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