Released on = July 14, 2006, 1:01 am

Press Release Author = Garry Hudson

Industry = Financial

Press Release Summary = The mortgage lending has hit new levels in the month of May,
but borrowers continued to repay their credit card dues. The total lending in
mortgages has reached a figure of £18.23 billion during May, according to estimates
of British Bankers\' Association.

Press Release Body = London (debt-consolidation-park) 12 July 2006: According to an
estimate by British Bankers\' Association, the total lending in mortgages has reached
a figure of £18.23 billion during May. The mortgage lending has hit new levels in
the month of May, but borrowers continued to repay their credit card dues.

Total mortgage lending during the month was 18 per cent above April\'s figure, the
highest level on record and 27 per cent higher than lending during May last year.
The total lending, which stripped out repayments and redemptions, was also strong at
£5.73bn.

On the other hand, customers appeared to remain pleased to take on mortgages, their
appetite for using credit cards for purchases showed signs of weakening. People
borrowed a total of £7.68bn through their credit cards in the month of May, which is
around 16 per cent more than in April. However, people repaid more than what they
spent, leading to credit card debts coming down by £251m in the month.

Experts believe there is a newfound enthusiasm in borrowers to repay their credit
card debts. People have even taken help of credit card debt consolidation loans to
manage their debts.

For additional information on the news that is the subject of this press release or
(for a copy, demo or sample) contact webmaster or visit
www.debt-consolidation-park.co.uk


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