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UK: Big rise in mortgage lending backs up house prices growth

Posted on 01 March 2012

Figures show mortgage lending rose by £1.6bn in January, but many analysts see rises as a false dawn. Mortgage lending rose by £1.6bn in January, twice the average for the previous six months, according to figures released by the Bank of England.
The increase, together with data indicating house price growth published by the Land Registry, suggests the housing market may be in the early stages of recovery………………………………………..Full Article: Source


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