Mortgage lending back to record levels in September?

The figure is one of the highest on record, and 11% more than the £25.3bn of lending in September 2004, it says. The CML has hailed the figures as demonstrating a relatively steady recovery in mortgage lending activity. While it continues to believe the housing market is on course for a "soft landing" from the exceptional highs of 2003/04, recent months have seen strong growth in mortgage lending, boosted by high levels of remortgaging as people take advantage of lower interest rates and switch onto cheaper deals. It also claims the Bank of England's mortgage approval figures also reflect...