House purchase lending edges up, remortgaging declines, but spring has not sprung yet

The number of house purchase loans ticked up in February, according to new data from the Council of Mortgage Lenders. There were 24,300 house purchase loans worth £3.1 billion, compared with 23,400 loans worth £3.1 billion in January – a 4% increase. But historically activity remains very weak, running at around one-third of the average February total of 76,000 loans for house purchase between 2002 and 2007. 

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Article by the Council of Mortgage Lenders.
Data sourced from CML/BankSearch’s Regulated Mortgage Survey.