First annual growth for the UK Mortgage Lending has been observed after more than 2 years as well as the rise of house prices. This is due to low interest and increasing economic confidence. The number of loans that are intended to buy properties rose by almost 25% from June to July more than the first annual rise since 2007 as reported by the Council of Mortgage Lenders (CML). The total value of the loans – at £7.5bn – was 27 per cent higher than the previous month but just 6 per cent higher than the previous year.