U.K. gross mortgage lending increased 24 percent in May from April, data published by the Council of Mortgage Lenders said Thursday.
Lending was estimated at GBP 12.2 billion, up 13 percent from May 2011.
CML chief economist Bob Pannell said, "Mortgage lending continues to seesaw, albeit against a broadly flat market."
"Unfortunately, a number of one-off factors, such as the Diamond Jubilee and the Olympics, are set to distort market indicators over the coming months, and it may be the autumn before we can more accurately gauge the state of the market," Pannell added.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.