Summary
BANKS appear to be cautiously increasing their mortgage lending, according to the latest data from the British Bankers' Association, but lending rates are still well below those at the peak of the market.
The industry approved 35,235 loans in June, according to the seasonally adjusted figures, up 64.7per cent on the same month in 2008 and the highest monthly figure since March 2008.See the full content of this document
Extract
Cautious Banks Increase Level of Mortgage Lending
But it is still less than half the number supplied at the peak of the credit bubble in September 2006...
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