Mortgage loans sliding further

Tim Wallace
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MORTGAGE lending slipped again in December, industry data showed yesterday, in a further sign the boom in the UK housing market is moderating.

Gross mortgage lending came in at £16.5bn in December, falling one per cent on the year, the Council of Mortgage Lending said.

Meanwhile the Bank of England said monthly net mortgage lending slowed to £1.8bn in the three months to November.

Adrian Gill from Your Move predicted growth in the market.

“Many places across the country have witnessed a recent lull in house price growth, but the underlying sentiment in the market remains strong, and continues to carry the housing recovery further forwards”.