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The cml
initialism
Capital market line
Exact(60)
The CML also announced today that the buy-to-let market grew by 7% in 2010.
The CML says there is no reason to avoid the housing market, but just take precautions.
The CML had predicted the number could reach 53,000 this year.
The CML survey also revealed that more first-time buyers and home movers are paying stamp duty.
The CML figures are broadly in line with those from the bank of England released earlier in September.
The CML figures are for mortgages advanced during the month so reflect sales some weeks or even months before.
The CML said the number of remortgages also increased between August and September, rising by 10%too 33,000.
The CML attributed this to a widespread expectation that interest rates will not rise in the immediate future.
The CML said activity had "remained robust" despite the changes, but warned the market still faced "headwinds".
The CML said that so far, the increase in buy-to-let lending had been "almost completely" down to remortgaging.
The CML figures show the amount typically borrowed by first-time buyers in January had fallen from 90% to 88%.
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