Mortgage lending increases by 28% in August

Mortgage lending saw further signs of a healthy recovery in August. Credit: PA Wire

Around £16.6 billion worth of mortgages were advanced to borrowers in August, marking a 28% increase on the same period in 2012, the Council of Mortgage Lenders (CML) said.

The estimate for August marks only a slight drop on the £16.7 billion worth of mortgages advanced in July, which was the highest figure seen since October 2008.