Mortgage lending stable - CML

The CML says lending was 16% higher than in April 2005 and marks six months of record lending figures. But it was 12% lower than the £28.4bn lent in March which, it says, is likely to have been caused by the timing of Easter CML director general, Michael Coogan, says the figures illustrate the market is in robust shape but even so he does not expect the underlying level of lending to rise from recent levels. "In the past couple of months the interest rate picture has changed and financial markets are expecting the Bank of England to raise rates this summer. If this happens, housing and ...