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.