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Thursday, 10 December 2009

Mortgage Lending Hits 22 month High

Mortgage lending has hit a 22 month high, with 55,300 new mortgages granted in October. This is up 9% on September and up 43% on October 2008.

Lending to new buyers has doubled since January this year, which is encouraging for the housing market. Lending for remortgages remains low.
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