Rise in mortgage lending figures
Mortgage lending to people buying a home bounced back during May but is expected to remain subdued for the rest of the year, new figures show.
About 42,000 home loans were advanced to people buying a property during the month, two per cent more than in April, when lending levels dipped by nine per cent, according to the Council of Mortgage Lenders.
But the figure was still down on the recent high of 63,000 mortgages reached in December when people buying lower-value properties rushed through transactions before the stamp duty holiday ended.