House price inflation in cities has fallen by 1.2% since 2016, and now stands at 6.4%, according to a new house price index.
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The latest high street banking data from the British Bankers Association (BBA) indicates that gross mortgage borrowing was £13.4 billion in February, having risen 4.6% since February 2016.
New estimates from the Council of Mortgage Lenders (CML) reveal that gross mortgage lending hit £18.2 billion in February, dipping 8% below January’s lending total of £19.8 billion, but almost mirroring the £18.1 billion that was recorded in February last year.