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Mortgage lending drops to eight month low as pound suffers

The Pound is already under continuous pressure because of the uncertainty of a general election due by June. The markets seem to be worrying whether the next government will be able to tackle the growing debt burden effectively, now Mortgage lenders have approved fewer mortgages in January than in the last eight months.

Mortgage lending is expected to improve

More mortgage lenders should come back into the market by the end of the year according to Lloyds TSB, which is

Mortgage lending by building societies fall by 90%

Building Societies Association (BSA) has now released figures that mortgage lending by building societies have fallen by 90% over the past year. On a month by month basis the money that building societies lend has been falling steadily, but it is this past month that it has

Mortgage lending falls in May after April recovery

It seems that the slight recovery in mortgage lending in April was a bit of a false start, as we have news that mortgage lending has fallen in May. This news was provided by Council of Mortgage Lenders (CML). Although lending is only down slightly in