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Rising lending figures may plateau, says CML.
(From Guardian Unlimited)
The amount of money lent to homebuyers and people remortgaging their property rose again in October, but may have peaked, figures showed today.
According to the Council of Mortgage Lenders (CML), lending in October was up 4% on September to a high of GBP30.3bn, suggesting August's quarter point increase in interest rates had little impact on homebuyers.
Although the figure was down on August's record lending level of GBP33bn, the amount lent on mortgages nonetheless increased by 12% compared with October last year.
The British Bankers Association also reported a rise in borrowing of GBP5.5bn, slightly higher than …
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