You are here: Home - News -

Net lending rose by £4.08bn in March

  • 08/05/2002
  • 0
According to the British Bankers Association's (BBA) latest figures, total net mortgage lending to i...

According to the British Bankers Association’s (BBA) latest figures, total net mortgage lending to individuals increased in March by £4.08bn. This is a new peak, with January’s £4.04bn being the previous high. Lending to property companies increased by £968m in March. Borrowing in this sector has gone up by 30% in the last year, reflecting the strength of property development and the buying and selling of real estate.

Ian Mullen, BBA chief executive, said: ‘Mortgage lending reached a new high in March, compensating for weaker consumer credit, it might be that this reflects credit choices available ‘ secured borrowing may be cheaper than a personal loan, for example.’


There are 0 Comment(s)

You may also be interested in

Business Skills

In this section, we offer short ‘how to’ guides on harder to crack areas of business. From social media, to regulation or niche product areas, we cover it all.


Our journalists interview key industry entrepreneurs, strategists and commentators for day-to-day market insight and a strategic view of where the industry is heading. We offer lessons for success and explore the opportunities for your business

Success in Practice

Here, we share case studies fleshing out best practice to help you decide what could work for your business. Take a look at how others approached complex tasks like launching a new mortgage lender, advising on a new product area or deciding to specialise in another. Learn from others mistakes and triumphs.


Each week, we ask top mortgage and property commentators with a unique perspective to examine a key news headline, market move or regulatory or political issue.


Vote in our weekly poll here. It’s your chance to tell us what you think and be heard on the top news stories of the week. Review our archive to find out what your industry really thinks and all our coverage of the results.

Top Comments

Be part of the conversation on Mortgage Solutions. We want to hear from you. We have a tool called Disqus to tell us which stories get the most comments each week. Every Friday, the team picks the most thoughtful or opinionated contributions from our readers to enjoy again. Don’t forget to share your favourite stories from the site on social media to keep the conversation going.
  • RT @robjupp: Great day yesterday for donations to @MortSleepOut. With Gift Aid, we are now close to £17,000. It would be great to get to £2…

Read previous post:
Return to lender

Correspondent lending might still be in its infancy in the UK but the scope for growth is definitely out there