Financing for "buy-to-let" properties sustained United Kingdom mortgage lending in August as refinance and purchase volumes fell by more than 10%, according to the Council of Mortgage Lenders, London.The total of 34 billion pounds (about $69 billion) in gross U.K. mortgage lending seen during the month was roughly flat compared with that of the previous month and up 1 billion pounds (approximately $2 billion) on a year-to-year basis. The CML can be found on the Web at http://www.cml.org.uk.
UK Mortgage Lending Declines
October 09, 2007, 2:00 p.m. EDT 1 Min Read
