Mortgage figures show housing market 'strengthening'

An improvement in sentiment and activity continues to show in the UK housing and mortgage markets, with a more positive picture also starting to emerge in the economy.

Our forward estimate of gross mortgage lending in July reinforces a growing evidence base of a strengthening in the housing and mortgage markets.

– Caroline Purdey, Council of Mortgage Lenders market and data analyst

Read: Gross mortgage lending increases 29% since July 2012

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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.