CML figures shows dip in UK mortgage lending in November

Gross mortgage lending in the UK reached £19.9 billion in November, some 9% lower than October’s lending total of £21.9 billion, the latest data shows. But the figures from the Council of Mortgage Lenders also show that lending was still 23% higher than the £16.1 billion lent in November last year. CML economist Mohammad Jamei pointed out that lending is set to finish the year stronger than it started, with the pace of lending recovering over the summer months. ‘As we’ve said for the be...