Essex, United Kingdom (8th July, 2013) – Simply Academy, a leading provider of financial advisor training, comments on the recent rise in mortgage lending levels.
According to figures compiled by the Council of Mortgage Lenders (CML), gross mortgage lending has reached its highest level since October 2008, with lenders advancing £14.7bn in May. This is a rise of 21 per cent on the £12.2bn lent in April, and up 17 per cent on the £12.6bn lent in May 2012.
Bob Pannell, Chief Economist at CML, said: “While the direction of travel is clear and fits well with the more positive housing surveys from Royal Institution of Chartered Surveyors and others, our forward estimate does imply somewhat stronger house purchase activity than we had been expecting. This may reflect a degree of pent-up sales following the extended spell of poor weather earlier this year.”
“Funding conditions continue to look favourable as more products enter the market at competitive prices,” said a spokesperson for Simply Academy. “Since the beginning of the year, our academy has seen a sharp rise in enquiries from potential students wishing to obtain their industry-recognised CeMAP qualification before moving into the industry as either an employed or self-employed broker.”
For more information on Simply Academy and their mortgage advisor training, contact them on 0844 88 444 21 or visit their website at www.simplyacademy.com
About Simply Academy:
Simply Academy was established in 2006 and has since become one of the UK’s leading financial academies. They offer a range of financial courses, including CeMAP, CeFAP, DipMAP, and DipFA training, and have a number of highly-trained tutors with years of experience in their respective fields. They have signed the IFS School of Finance code and ensure they work to those high standards at all times.
