Chorlton T. 0161 882 2233
Didsbury T. 0161 448 0622
Withington T. 0161 445 9700
Print this newsletter

Charms of Chorlton

UK mortgage lending in the first eight months of the year has exceeded annual lending as a whole during the credit crunch.

A total of £138.6bn has been borrowed so far this year, including £20bn in August, latest figures from the Council of Mortgage Lenders (CML) show.

This is higher than mortgage lending for the whole of 2010 (£133.8bn) and the whole of 2011 (£138.3bn).

The CML said lending was "enjoying its best spell since 2008".

Activity has been driven, in part, by homeowners remortgaging to secure a low rate, fearing that the Bank of England will increase interest rates in the coming months.

Mortgage lending in August was 12% higher than in August last year, when new rules were slowing the application process. The total was 8% lower than in July - as is often the case as people head off on summer holidays.

The CML represents banks, building societies and other lenders who together undertake around 95% of all residential mortgage lending in the UK.

If you’re selling, make the most of what remains of the good weather to give your home a lift with a few odd jobs and improvements. If you’re a buyer, looking to cosy up in a new nest this Christmas, you need to start viewing now. There’s no time to lose. If you’d like to arrange a viewing, call my office on 0161 882 2233.

'Yesterday is not ours to recover, but tomorrow is ours to win or lose.'

Kind regards,

Eddie Ellis, MNAEA
Director, JP & Brimelow

Totnes Road

Dudley Road

Woodlands Road

Kingsbrook Road

Corkland Road

Stephenson Road

Parkview Apartments

Manley Court

Other Newsletters: