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New mortgage lending increases, but figures ‘are a mirage’
The value of new mortgage lending agreed to be advanced increased by 11.5% in Q1, to £78 billion, a 14.2% year-on-year increase. The value of gross mortgage advances decreased by 12.3% to £69.6 billion, 10.2% lower than a year earlier. The figures were revealed in the Bank of England’s quarterly Mortgage Lenders and Administrators Return, which includes aggregated from data
New mortgage lending increases, but figures ‘are a mirage’
The value of new mortgage lending agreed to be advanced increased by 11.5% in Q1, to £78 billion, a 14.2% year-on-year increase. The value of gross mortgage advances decreased by 12.3% to £69.6 billion, 10.2% lower than a year earlier. The figures were revealed in the Bank of England’s quarterly Mortgage Lenders and Administrators Return, which includes aggregated from data
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