Lending up in February - B&W

The lender says gross mortgage lending increased from £15.1bn in January to £19.3bn in February, while net lending rose by a smaller percentage from £5.6bnto £6.2bn. Bristol & West says the figures reveal the housing market stabilising at around £20bn for gross mortgage lending and £7bn for net lending. Furthermore the lender says it would not be surprised to see house price inflation fall to around 2% or 3% during the summer months and that a further easing of inflationary pressures would benefit first time buyers, But Bristol & West continues to stick by its prediction that the annual...