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Screensize: 640 x 480 800 x 600 1024 x 768 1280 x 1024 UserName: Password: Format Mode: Basic  Help  Prompt  Format: Font Andale Mono Arial Arial Black Book Antiqua Century Gothic Comic Sans MS Courier New Georgia Impact Lucida Console Script MT Bold Stencil Tahoma Times New Roman Trebuchet MS Verdana   Size 1 2 3 4 5 6   Color Black Red Yellow Pink Green Orange Purple Blue Beige Brown Teal Navy Maroon LimeGreen Message: * HTML is OFF * Forum Code is ON Smilies [quote][i]Originally posted by BankruptcyNews[/i] [br] Mortgage lending still 'robust' Mortgage lending is still rising at a "robust" rate, says the Council of Mortgage Lenders (CML). Its latest figures show that lending reached £34.4bn in July, despite five increases in interest rates in a year. Although the new lending was down slightly from that in June, it was still 13% higher than a year ago and was a new record for any July. However the CML warned that the full impact of the rate rises would become evident this autumn. "Mortgage lending remains robust despite the five interest rate rises since last August - although we have yet to see the full impact of higher rates," said the CML. "Lending is currently being fuelled by a large number of people remortgaging to better deals in case rates go any higher," added a spokesman. The continued buoyancy of borrowing by home owners was reflected in figures from the British Bankers' Association (BBA). Its members, who account for roughly 60% of all UK mortgage lending, said that net lending, which takes into account repayments by mortgage holders, rose by another £5.7bn in July. "July's strong rise was surprising, given the expected cumulative impact of higher interest rates," said David Dooks of the BBA. "This was higher than the £5.4bn recorded in both the previous month and the recent monthly average," he added. Source: bbc.co.uk See my Blogs: http://bankruptcynews.blogs.bankruptcyhelp.org.uk [/quote]   Check here to include your profile signature.