Rise in Mortgage Lending The UK mortgage market has "stabilised".

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Rise in Mortgage Lending

April 21, 2005 at 2:24 AM

The UK mortgage market has "stabilised" in March after several months of falling mortgage completions, UK banks & building societies have said.

The Building Societies Association (BSA) saw mortgage lending rise slightly, while the British Bankers Association (BBA) said lending was a little weaker. The Council of Mortgage Lenders (CML) said mortgage lending rose overall from £17.8bn in February to £20.1bn in March. Some lenders have tightened their mortgage lending criteria and are asking for more in the way of evidence of earnings (payslips and accounts for self-employed) and money management proof. (Bank statements)

The fact remains though that total lending is less than March last year. 

Tags: Mortgage Lending Criteria
Category: Lending Criteria

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