7
Oct
NAEA: RESPONSE TO CML GROSS LENDING FIGURES
Commenting on Council of Mortgage Lenders gross lending figures
for August, NAEA President Gary Smith said:
"The reduction in overall mortgage lending in the month of
August comes as no surprise as it does follow the seasonal trend
where the housing market is understandably quieter during the main
holiday month. What is interesting is that the CML statement
suggests that lending on house purchase as opposed to remortgages
has actually increased which is something the NAEA's own figures
echo.
"If you look at the number of people looking for houses, the
number of houses available and the number of sales agents are
making it becomes clear that there has been a marked improvement in
the housing market over that time." Ends