Rat and Mouse
Tue
25
Aug
Market report - it's all about the lending

British Bankers' Association figures show lending for homes up. Mortgages for new homes were up in July, leaving them 76.7% higher than in July 2008. Remortgages were up a little on the month, but down on the 2008 figure by 42%. The value of the total lending for residential bricks and mortar, however, was way up, 79.1% higher than in July 2008.

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