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January's mortgage lending increase, evidence of 2008 trend?

Written By David D'Angelo on Sunday, February 24, 2008 | 2/24/2008

January saw an 11 per cent increase in gross mortgage lending despite the fact that it is usually lower in January than other months of the year, according to a new report. Is this in any way an indication that mortgage will be a trend in 2008?

Well we can't be sure about it, it's only January but the thing is January of each year is usually the trend setter. Well, the thing is with the rising cost of living and easy ways to find and repay a mortgae who would have. UK Mortgages, is an option which British people can consider most of the time.

CML director general Michael Coogan said: "Gross lending held up well in January. However, there is considerable uncertainty in the housing market at the moment and we expect lending volumes to be lower in the coming months."

Well that's CML point of view but nonetheless we can always seek a professional advice on this and they are available to talk about Mortgage.

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