- The UK may not see a rate hike this year, as global uncertainties continue to have had a profound effect on interest rate expectations.
- Our estimate is that gross mortgage lending was £19.9 billion in December, nearly a quarter higher than a year ago.
- The pick-up in mortgage lending is becoming more broadly based, following several months of year-on-year growth in lending to first-time buyers, movers and remortgage customers.
- The buy-to-let sector is going through an uncertain period as it is unclear how changes to the tax treatment of the sector will affect it.
Read the full CML article here