The Royal Institution of Chartered Surveyors (RICS) has declared that the UK housing market remained flat during March, although with regional divergences widening. Overall, there was a slight downturn in demand for property compared with February but surveyors in areas such as Scotland, Wales and the South East reported a steady increase in new-buyer enquiries. [...]
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Gross mortgage lending down 13%
Gross mortgage lending fell to around £9.2 billion in January, down 13% on December but up 5% on a year earlier.
New figures from the Council of Mortgage Lenders (CML) show the first year-on-year increase since August 2010, although CML economist, Peter Charles, points out that the Bank of England’s latest Inflation Report warns that UK [...]
