Mortgage lending at six-year low

Mortgage lending for 2015 fell 30 per cent to a six-year low according to the Council of Mortgage Lenders. The value of new mortgages fell steadily throughout the year, culminating in an 11 per cent drop from November 2015 to December. December 2015 was 47 per cent down on December 2014 figures. Traditionally December’s figures are among the lowest of the year.