Gross mortgage lending soars 29% to five-year high

Gross mortgage lending was also 12% higher than in June and represented the highest monthly estimate since October 2008. CML market and data analyst Caroline Purdey said: “An improvement in sentiment and activity continues to show in the UK housing and mortgage markets, with a more positive picture also starting to emerge in the economy. “Our forward estimate of gross mortgage lending in July reinforces a growing evidence base of a strengthening in the housing and mortgage markets.” Your Mortgage Decisions director Martin Wade said his firm had seen new enquiries throughout 2013: “...