Mortgage lending to home buyers increased again in June according to the Council of Mortgage Lenders (CML).
Its figures showed that there were 52,000 new loans granted to home buyers, 19% more than in May and up 14% on the same month a year ago.
The CML said activity was “still on an upward trajectory” and described the rise in June as “significant”.
However, the lenders’ organisation said it was still cautious about the prospects for the coming months.
“This is now the 12th consecutive month in which lending has been higher than its year-earlier levels,” said CML economist Paul Samter.
“But we still expect house purchase activity to be muted in the coming months.
“Both consumer demand and lending capacity remain distinctly difficult to call, especially in the light of the government’s austerity measures and their possible impact,” he added.
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