CML: Gross mortgage lending up 24% in March

According to data published today by the Council of Mortgage Lenders:

"Gross mortgage lending was an estimated £11.5 billion in March, a 24% rise from £9.3 billion in February and a 3% rise from £11.2 billion in March 2009..."

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CML: Mortgage market sees modest recovery

According to the Council of Mortgage Lenders:

"January was extremely weak due to one-off factors such as the effect of the end of the stamp-duty exemption in December 2009 and the severe winter weather..."

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Halifax council tax offer returns for homebuyers

Halifax today announces the return of its offer available for homemovers and first time buyers:

"Designed to help with the costs of buying a new home, the offer means the lender will pay half of the first year's council tax bill, up to a maximum of £750..."

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CML: Gross mortgage lending increased £9bn

Data published today by the Council of Mortgage Lenders shows:

"Gross mortgage lending in February increased to an estimated £9.2 billion, a 6% rise from £8.7 billion in January..."

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CML urges the government to clarify how it will deal with housing demand

Council of Mortgage Lenders has produced a Budget submission:

"At the moment we cannot see how to square the circle between increasing demand for housing, constraints on the necessary finance to deliver it, the repayment of £300 billion of lending support between 2011 and 2014..."

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Gross mortgage lending falls 32%

According to the Council of Mortgage Lenders:

"Gross mortgage lending declined to an estimated £9.1 billion in January, a 32% fall from £13.4 billion in December and a 21% fall from £11.5 billion in January 2009..."

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CML: Stamp duty rush caused 2yr December high in first-time buyers

According to the Council of Mortgage Lenders:

"The number of loans to first-time buyers hit a two-year high in December 2009, driven by a rush to buy properties in the £125,000 - £175,000 bracket before the year-end stamp duty concession expired..."

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CML: Mortgage arrears and possessions declined

According to the Council of Mortgage Lenders, mortgage arrears and possessions declined in the forth quarter of 2009:

"Mortgage lenders took 10,200 properties into possession in the fourth quarter of 2009 - 13% lower than in the third quarter, and 2% down on the fourth quarter of 2008..."

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Buy-to-let lending rises

The CML have released Buy-to-Let lending figures today which show that buy-to-let lending has picked up towards the end of last year:

"New buy-to-let lending increased for the second consecutive quarter in the last three months of 2009..."

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