The Council of Mortgage Lenders out with their latest data 17 Nov
– vs GBP 20.5bln in Sept
CML senior economist Mohammad Jamei says:
"Housing market sentiment is holding up well, with demand still strong. This has led to a pick up in approvals, as expected.
The Council of Mortgage Lenders’ members are banks, building societies and other lenders who together undertake around 97% of all residential mortgage lending in the UK. There are 11.1 million mortgages in the UK, with loans worth over £1.3 trillion.