Mortgage lending still falling



New mortgage lending in November fell again according to the Council of Mortgage Lenders’ figures. Only 33,000 new loans were grants – 17 per cent less than in October 2015, and a whopping 59 per cent in year on year figures. First-time buyers have to find an average deposit of 18 per cent of the value of their property, the largest amount for more than 35 years.