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Mortgage article 22:January Figures Show Seasonal Fall in Lending

Wednesday 20 February 2002

Gross mortgage lending fell to 13 billion in January from 13.6 billion the previous month, according to 
figures from the monthly CML/DTLR Survey of Mortgage Lenders, based on mortgage completions from both banks 
and building societies. But despite the usual post-Christmas decline in activity, gross lending was still 
well above last January's total of 9.5 billion, thanks mainly to the strength of remortgaging.

Loans for house purchase totalled 6.4 billion last month, compared with 8.5 billion in December and 5.4 
billion in January last year. Remortgaging increased to 5.4 billion, compared with 4.2 billion in the 
preceding month and 3.6 billion a year ago
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