New mortgage lending stages modest recovery

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New mortgage lending stages modest recovery

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04-13-2010, 09:11 PM

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New mortgage lending stages modest recovery

The number of loans advanced for house purchases increased by 12% in February, showing a modest recovery on January when the figures were weak due to the end of the stamp-duty holiday and the severe winter weather.According to the Council of Mortgage Lenders (CML) 35,000 house purchase loans were advanced worth £5 billion, up 49% [...]

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