UK mortgage lending rose 21% in March, CML says
Mortgage lending rebounded in March when the amount lent in home loans rose by 21% compared with the previous month, lenders have said.
However the pick-up came after a lull in lending for home loans at the start of the year, the Council of Mortgage Lenders (CML) figures show.
There was a 2% drop in gross mortgage lending compared with March 2010, the CML said.
A trend of remortgaging in recent months has continued, it added.