Wednesday, Sep 27, 2006
Mortgage lending rockets Aug 2005 v Aug 2006
Firstrung: Mortgage lending up 24 percent in August compared to August 2005
David Dooks, BBA director of statistics:"Record gross and net mortgage lending is a reflection of house prices and mix of loans, rather than increased volumes. Compared to the numbers of secured loans approved at the same time in previous years, August shows robust and stable demand orientated towards house purchase rather than for other purposes, though below the volumes seen in 2003."
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