Mortgage lending hits six year high

23rd January 2015

The Council of Mortgage Lenders has said that lending rose to its highest level in six years in 2014, at £205.6bn – up 17% on 2013’s figure. Strong demand for property in the spring and summer and a rising number of new buyers boosted the figure, said the group. The number of first time buyers taking home loans also rose to a six-year high, breaching 300,000.  

The Guardian (23/01/15)