3
Jun
CML predicts rise in mortgage approvals
Following the Bank of England's announcement that 43,200 mortgages
were approved in May, the Council of Mortgage Lenders (CML) has
added more positive news.
According to the organisation, there will be further "modest rises"
in the number of home loans being granted as the year draws
on.
It would seem that lending is at its healthiest level in some time,
with the Bank's figures higher than at any point in the last 12
months.
However, the CML warned: "Limited lending capacity and the impact
of further job losses are likely to act as a ceiling for how far
the improvement can continue."
Last month, Property Hawk website editor Chris Horne suggested that
demand for mortgages in the buy-to-let sector was quite
strong.
He indicated that, although some lenders have been unwilling to
supply the finance for what they perceive to be a risky market,
landlords have still shown interest in purchasing bricks and mortar
for investment purposes.
