Buy To Let
Mortgage lending up 43% year-on-year

Total gross mortgage lending was up an estimated 43 per cent year-on-year in February, according to the latest figures from the Council of Mortgage Lenders (CML).
Lending hit £15.2bn last month, 43 per cent higher than the £10.6bn lent in February last year and the highest February total since 2008.
However, it was 6 per cent lower January’s figure of £16.1bn.
CML chief economist Bob Pannell said: “Housing market indicators have continued to be strong over recent months, once seasonal factors have been taken into account.
“First-time buyers have benefitted most from the government’s Help to Buy initiatives, with the more recent mortgage guarantee scheme now starting to push typical loan-to-value levels higher.
“The housing market got a further boost from this week’s Budget. This, together with benign developments in the economy more widely, should bolster short-term sentiment and activity.”

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