UK mortgage lending rose by 5% in October compared with the previous month, according to a lenders’ group. That said, the £13.5 billion of overall mortgage lending recorded by the Council of Mortgage Lenders was down by 27% in comparison to the same month a year ago. The group said that the month-on-month rise in lending was typical seasonal activity. But the type of lending has changed since the start of the year, with remortgaging at “decade-low levels”. This shows it is still hard to predict a rise or a fall for the property investment buy to let market at present. Although increased lending is good news.