Peter Rollings responding to CML's latest data
Mon 12 Nov 2012
"Its fair to say lending yo-yoed in the last quarter as the mortgage market came to terms with a post-Olympic flurry then a lull in buyer activity. However, when seen in the round, the figures point to a steady quarterly improvement, and while lending is still a long way from the level needed unblock the lower end of the housing market, there have been more recent indications that the Funding for Lending scheme is starting to take root. If lenders can ease their criteria, and direct these cheaper funds towards the lower echelons of the market, we should see a reduced dependency on wealthier buyers for healthier sales activity in the coming months."
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