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Mortgage lending up 26%

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08-21-2009, 01:39 AM

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Mortgage lending up 26%

The Council of Mortgage Lenders (CML) has reported that gross mortgage lending increased 26% in July, compared with June, hitting an estimated £16 billion. The lenders’ body describes the surge as further evidence of a “modest improvement” in the UK housing market over the summer months and suggests house purchase activity will have been behind [...]

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