The overall mortgage lending statistics for 2009 show a decline of 43% from £253 billion in 2008 to £143.7 billion in 2009. However, in December there was a positive uplift in lending figures.

This was propelled by an intense period of growth of year end housing completions, hence a staggering 14% increase of mortgage lending in comparison to November. This is 3% higher than December 2008 and the first time since October 2007 that the annual figures have converted into positive comparison numbers. It will be interesting to see how the re-introduction of stamp duty into the market affects the initial set of mortgage figures for ...

UK Property