UK home lending was broadly flat in January, latest CML data shows

Home buying lending in the UK was flat in January but remortgaging activity was boosted by a plethora of low deals, the latest published figures suggest. The data from the Council of Mortgage Lenders, now available on an unadjusted basis for the first time, gives a more complete picture as it makes it easier to spot underlying trends, according to Paul Smee, CML director general. He explained that while the unadjusted data appears to show large falls month on month, stripping out the usual Janua...