Mortgage lending at five-year high, raising housing bubble fears
By Rupert Jones
Mortgage lending hit a five-year high in July, and was almost a third higher than 12 months ago, according to new figures that could bolster fears that government schemes to inject credit into the economy risk fuelling another housing bubble.
The Council of Mortgage Lenders (CML) said gross mortgage lending jumped to £16.6bn in July – […]