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Digital Subscriptions > The Oban Times & Lochaber Times > 2nd February 2017 > Gross mortgage lending increases by 12 per cent in 2016

Gross mortgage lending increases by 12 per cent in 2016

The Council of Mortgage Lenders estimates that gross mortgage lending reached £20.4 billion in December. This is four per cent lower than November (£21.2 billion), and four per cent higher than December 2015 (£19.7 billion). This brings the estimated total for the year to £246 billion, a 12 per cent increase on 2015’s £220 billion and the highest annual gross lending figure since 2008.

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