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14th Oct 2009
Lending to be boosted by 25bn in 2010
The Association of Mortgage Intermediaries has published its latest Quarterly Economic Bulletin which predicts gross lending will increase from £145bn in 2009 to between £150 and £170bn in 2010.
AMI believes that with the regulatory pressure on lenders to improve their capital positions it is likely that there will be an increase in lending.
Its bulletin also argues that a lack of competition in the lending markets is keeping first-time buyer deposits artificially high.
The report finds that the recovery from the recession is now underway but calls for the debate on public spending to be more honest and open about the challenges ahead.
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