Mortgage lending stabilising

Milner, Leah
June 2009
Money Marketing;6/25/2009, p21
The article discusses the Council of Mortgage Lenders' (CML) finding that gross mortgage lending was down in May 2009 compared to the previous month, and down fifty-eight percent year on year in Great Britain. CML economist Paul Samter says that recent signs from the housing market have been more encouraging but he does not anticipate a critical recovery in activity in the coming months. The National Association of Estate Agents (NAEA) added that demand is surpassing the supply.


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