Scotland continued to see a subdued mortgage market in the third quarter of 2010, broadly mirroring the whole of the UK, according to data released today by the Council of Mortgage Lender.
There were 13,500 loans for house purchase (worth £1.7 billion) advanced in Scotland in the third quarter of 2010, a 5% increase compared to the second quarter and a 1% decrease compared to the same period last year. A fall was expected in this quarter due to the effect of the stamp duty holiday over-inflating the market at the end of 2009.
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Article by the Council of Mortgage Lenders.
Data sourced from the CML/BankSearch Regulated Mortgage Survey.