Septembers mortgage lending up on last years figures

Septembers mortgage lending up on last years figures.

Although the number of mortgages for both house purchase and remortgage fell slightly in September, they were still higher than a year ago, according to data from the Council of Mortgage Lenders.

There were 48,200 house purchase loans taken out in September (total £7.1 billion), down 2% by number and 5% by value compared to August of this year. However this was up 3% by number and value compared to September 2010.

Remortgage numbers fell by 1% in September of this year to 34,200 loans (total £4.3 billion), with no change in value; but this was 25% higher (26% by value) on a year ago.