2012 mortgage lending up to £143bn

Press Association
House for sale signs
House for sale signs

Mortgage lending has increased by an estimated £2 billion to £143 billion during 2012 amid recent signs of improved confidence in the property market, an industry body has said.

The Council of Mortgage Lenders (CML) expects the figure for this year will reach £156 billion, despite a dip last month when £11.7 billion was lent, compared with £12.7 billion in November and £12.2 billion for the same month a year earlier.