Housing market on the rise
In March there was a 16 rise in mortgage lending which has brought to total borrowed to £11.5billion, which is a rise of £1.6billion compared to February total of £9.9billion, which is a positive sign for the housing market.
But it is not all good news, even thought lending is up in the housing market transactions remained at a low level, with lending 52 lower of that in March last year.
The figures came as HM Revenue and Customs published data showing that the number of homes changing hands soared by 40 per cent in March.
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April 24th 2009