The latest CML regulated mortgage survey stats are out but what does it all mean?

Author: David Whittaker Posted on: 14 June 2011

A month of growth in mortgage market activity may be enough for some to herald recovery but one swallow does not make a summer. Activity will remain subdued this year with month-on-month rises and falls being the norm and until there is a significant sea-change in the amount lenders are prepared to issue to borrowers we’re unlikely to see a dramatic recovery in the mortgage market. Lenders and government must come up with a sensible balance of capital requirements and lending targets, if they don’t the market will be stuck in the doldrums for a long time to come.