Mortgage lending flattening out

PA
PA

%VIRTUAL-SkimlinksPromo%Mortgage lending took a pause in May amid signs that the pace of the housing market recovery is softening, banks and building societies have reported.

Some £16.5 billion-worth of home loans are estimated to have been handed out last month, identical to the total value of mortgage lending in April, the Council of Mortgage Lenders (CML) said.