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LATEST NEWS & EVENTS CML: Mortgage lending stays flat  Residential property conveyancing appears to have had a relatively steady end of 2010, as house purchase lending in November remained unchanged from October. The Council of Mortgage Lenders (CML) reports that though the housing market showed no signs of fluctuation, lending is still well down on 2009 levels. In November, the number of house purchase loans was 44,000, down by 15 per cent on the same month the year before. Meanwhile, remortgaging increased from October levels, though again it still low compared to November 2009. The CML also noted that lending criteria remain strict, though loan-to-value ratios for first-time buyers have eased slightly. CML director-general Michael Coogan said: "It is encouraging to see credit criteria becoming a little more liberal for first-time buyers. "But the funding and capital constraints on lenders will continue to exert a dampening effect on lending, and criteria are unlikely to loosen substantially." Last week, Halifax reported that house prices fell in the last three months of 2010. Posted by Gaby Hamerton 
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