Mortgage lending rises in April 2008
June 15, 2008 | Tagged: Mortgages, remortgages
The Council of Mortgage Lenders this week announced that mortgage lending rose by 8% in April 2008.
The monthly increase came after 2 months of declining mortgage lending but the overall figure of £26.1bn is still below that of April 2007. 42 per cent of the lending was from remortgages as large numbers of mortgage customers come to the end of their fixed rates. More people are now opting for a fixed rate than a variable or tracker interest rate.
