Mortgage lending 'still seesawing'

AOL Money Staff
Estate agents
Estate agents

The mortgage market continues to "seesaw" after new figures showed lending by banks and building societies rebounded 24% to £12.2 billion last month.


The Council of Mortgage Lenders (CML) said the result was also 13% higher than a year ago, but pointed out that by discounting the end of a two-year stamp duty concession for first-time buyers the market is broadly flat.