Fifth 'record-breaking month for mortgage lending'

The rise is the highest March lending figure on record and is 34% higher than the £21.2bn lent in March 2005 it says. While lending usually starts to pick up in March from the lull in house-buying activity during the winter months, it has been unseasonally strong throughout the winter, producing five consecutive monthly record lending figures. The CML says the increase in mortgage lending between February and March is much greater than seasonal factors alone would produce, suggesting in seasonally adjusted terms March lending is likely to be a record high, substantially above the previou...