Gross mortgage lending in UK jumps 8% month on month

Gross mortgage lending in the UK reached £21.8 billion in October, some 8% higher than the previous month, according to the latest estimates from the Council of Mortgage Lenders. In addition to the month on month rise, lending rose 19% year on year, from £18.4 billion in October 2014, the highest monthly figure since gross lending reached £23.6 billion in July 2008. ‘As lending in the regulated mortgage space picked up over the summer months, the pace of recovery has improved. This looks se...