ANALYST VIEWS: HOW SIGNIFICANT ARE THE CML LENDING FIGURES ?

ALAN CLARKE | UK ECONOMIST, BNP PARIBAS

I think the housing market is going from bad to worse. We are seeing confirmation that we are already in a double dip recession for housing, and are going to see falling property prices over the next six months.

GEORGE BUCKLEY| UK ECONOMIST, DEUTSCHE BANK

We are seeing a second downturn in mortgage lending in terms of year-on-year growth. Each time we are being surprised by these figures. But I would say this is more a stabilisation of the mortgage market.

HOWARD ARCHER | ECONOMIST, IHS?GLOBAL INSIGHT

They [CML?figures] reinforce our suspicion that house prices are likely to fall by 10 per cent over the final months of 2010 and during 2011 amid unfavourable economic fundamentals and low consumer confidence.