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21/10/2014 08:04 AST
U.K. gross mortgage lending decreased slightly in August from last month, figures from the Council of Mortgage Lenders showed Monday.
Gross mortgage lending totaled GBP 17.8 billion, down 1 percent from August. But it grew 10 percent from last September.
In the third quarter, gross mortgage lending was estimated to be GBP 55.5 billion, which represents an 8 percent increase from the second quarter.
"Uncertainty over when we will see the first increase in UK base rates is exacerbated by weaker growth prospects in several major economies, including the eurozone," CML Chief Economist Bob Pannell, said.
"Recent indicators and policy actions corroborate our view of a gentle easing in market conditions. There is growing evidence that mortgage lending activity, and the housing market, are sitting on a plateau," Pannell added.
RTT News
Ticker | Price | Volume |
---|---|---|
SABIC | 114.77 | 5,915,941 |
Index | Closing | Change |
---|---|---|
NIKKEI 225 | 21,292.29 | -96.29 (-0.45 |
DAX | 12,002.45 | -94.28 (-0.77 |
S&P 500 | 2,614.45 | 32.57 (1.26 |
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