Gross lending of £145bn and 500,000 arrears in 2009

The Council of Mortgage Lenders predicts that there will gross mortgage lending of just £145bn and that arrears will hit a whopping 500,000 in 2009.

Related articles:

1. 168,000 homes at least three months in arrears, says CML
2. Gross lending plummets 22% in November
3. BSA reveals gross mortgage lending at £2.4bn
4. Repossessions rumoured to hit 75,000 in 2009
5. Mortgage lending ‘will be negative next year’