15 Jan 2015
CML: 'UK Housing Market is Restrained'
The CML (Council for Mortgage Lending) has announced there was evidence of restraint in the UK housing market in November 2014, as both house buyers and house sellers eased off their activity.
There is usually a drop in activity around that time of year but the CML has said numbers were down 3.4% compared to the same time in November 2013.
Total mortgage lending amounted to £16.5bn in November 2014, which was 11% lower than October 2014.
The CML also commented on the fact they expect the property market to accelerate in 2015. In fact they predict steady growth over the next two years.
Stewart Property Buyers Team