Demand for mortgages in July continued to be weak in what is traditionally a strong month, according to the latest regulated mortgage survey by the Council of Mortgage Lenders.
There were 56,000 loans for house purchase (worth £8.4 billion) advanced in July, up from 52,000 (worth £7.7 billion) in June, and from 53,000 (worth £7.3 billion) a year ago. While this reflects the seasonal rise in activity at what is usually a strong part of the year, these volumes still represent a very weak market.
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Article by the Council of Mortgage Lenders.
Data sourced from the CML/BankSearch Regulated Mortgage Survey.