Posted on Wednesday, 20th July 2011 by Emily Smith
Lending may fall short of 140m predictions, says AMI Lending may fall short of the Council of Mortgage Lenders’ (CML) target of £140 million, the Association of Mortgage Intermediaries (AMI) says.
The AMI also predicts that house prices will continue to fall outside of London throughout the UK.And its figures showed that renting is more expansive than buying in eight out of ten cities, with a gap of as much as 30% in some places including York, Birmingham and Milton Keynes.Earlier this week, the CML said that total mortgage lending was £63.7 billion from January to June, a slight drop year-on-year.Robert Sinclair, Director of AMI, said: “Figures from the Bank of England’s Financial Stability Review also show there are still significant risks on bank balance sheets, with some demonstrating substantial exposure to high and very high LTV secured debt.”Dealing with this level of exposure will make it more difficult for them to expand their balance sheets and comes at a time when they are under political pressure to lend more.”
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Tags: 140m Predictions, Ami, May Fall Short, Says Ami
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