October achieves seasonal rise in mortgage lending

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October achieves seasonal rise in mortgage lending

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11-19-2009, 11:40 PM

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October achieves seasonal rise in mortgage lending

The Council of Mortgage Lenders (CML) has estimated October’s gross mortgage lending at £13.5 billion. The figure is up 5% from £12.9 billion in September but shows a 27% decline on October of last year. The Council, which represents 98% of the UK’s residential mortgage lenders, says the rise represents typical seasonal activity between September and October, [...]

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