Mortgage lending last year was down about 30% on the 2007 figures and in the final quarter was running at well below half the peak level, according to the latest figures from .
CML expects the level of lending to drop further in coming months, which may well translate into a further fall in the level of transactions.
The December figure for mortgage lending was particularly bad at 拢12,600 million placing it as the lowest month for lending in the lowest quarter since late 2001.
This is the biggest collapse to hit the sector since Carillion 鈥� as we absorb the grim news, people will want some answers and fast
Everyone says an inclusive organisation is important, but too few people聽are ready to invest the time and money to make it so. That has to change, says Marsha Ramroop
Challenges persist but the industry appears to have turned a corner and the outlook has notably improved since last year, says聽Nick Gray of Currie & Brown聽
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