Gross mortgage lending increases 29% since July 2012

File photo of houses in south Derbyshire. Credit: Rui Vieira/PA Wire

The total gross mortgage lending in July increased to £16.6 billion - a rise of 12% from the previous month, according to figures released by the Council of Mortgage Lenders.

The figures also represent a 29% increase from July last year and is the highest monthly estimate since October 2008.

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Big rise in mortgage lending

The total gross mortgage lending in July increased to £16.6 billion - a rise of 12% from the previous month and 29% up on July 2012, according to figures released by the Council of Mortgage Lenders.