Summary
THE number of new mortgages approved in the UK hit an 18month high in November, according to figures yesterday from the Bank of England which signal the housing market has returned to rude health.
Net mortgage lending also showed a big jump - reinforcing expectations of modest house price rises after the recent postboom period of consolidation in the residential property market.See the full content of this document
Extract
Mortgage Lending Hits 18-Month High
The buoyant mortgage lending numbers were in stark contrast to much weaker-thanexpected growth in unsecured consumer credit in the Bank of England's latest monthly seasonally-adjusted f...
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