Gross mortgage lending falls 3 pct m-o-m in June-CML

LONDON (Reuters) - Gross mortgage lending fell 3 percent in June to an estimated 23.8 billion pounds -- a 32 percent decline from June 2007, the Council of Mortgage Lenders said on Friday.

The decline between the first and second quarter was one percent although the CML said an increase would typically be expected in spring.

"The year-on-year decline has gathered pace in recent months; lending in the first quarter of 2008 was down 11 percent on 12 months earlier, while the second quarter was down 21 percent," it said.