238 CEEFAX1 Fri 3 Feb CEEFAX.TV
Home loans level off, lenders say
The recent rise in mortgage lending to
house buyers has levelled off, the
Council of Mortgage Lenders (CML) says.
In September, 51,000 mortgages were
agreed for house purchase, up from
50,000 in August but lower than the
53,000 recorded in July.
The CML said lending in each of those
three months had been higher than in
the same months last year, after 25
months of steady year-on-year decline.
First-time buyers are still having to
put down an average deposit of 25%.
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