Mortgage lending is up, but figures have revealed that there is a housing market plateau happening. Gross mortgage lending reached all the way up to 22.1 billion dollars in the month of June. That is nine percent higher than in the month of May. It is also three percent higher than June of last year. There are some agents that are saying the figure is not as promising as it might first appear to people.
Key Takeaways:
- But then again some representatives say the statistic is not quite as favorable as it potency seems.
- When the gross mortgage lending grasped £22.1 billion in June.
- However, that’s nine per cent greater than in May and three per cent better than in June last year.
“Gross mortgage lending reached £22.1 billion in June – that’s nine per cent higher than in May and three per cent higher than in June last year, but some agents say the figure is not quite as promising as it might appear.”