mortgage figures for January
The Council of Mortgage Lenders (CML)
had found out that mortgage lending has reached a high peak for
January. This is due to the more and more people coming into the
United Kingdom on a whole.
In January the gross mortgage lending
was £26.8 million, this is 16% more than January 2006, CML
had investigated further.
The British Bankers Association (BBA)
stated that consumers paid a large amount off their credit cards,
a large figure such as £500m during January.
They also said that the funds borrowed
through credit cards and loans had also increased by £500
Today people are need of credit and
lenders are benefiting more as time passes by.
There was a hint at present of a strong
predicted slowness in the UK housing market, this was added by
the BSA firm.
"Indications of a slowing [housing]
market are not coming through in building society mortgage figures
yet," BSA business economist, Andrew Gall, said.
"We may continue to see
robust mortgage figures in the near future, but expect these to
fall back as the impact of recent rate rises feeds through,"
Mr Gill spoke.
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