Record mortgage lending rise
According to the British Bankers' Association, net mortgage lending rose by a record amount in August.
Net mortgage lending rose by 6.2 billion pounds, up from an 5.8 billion increase in July and well above the monthly average rise of 5.4 billion over the previous six months. The BBA said August's mortgage lending number beat the last record set in April 2004 when it increased by 6 billion pounds.
BBA Director of Statistics David Dooks said "The draw-down of house purchase loans in particular has driven net mortgage lending higher of late and August's increase set a new monthly record".
Net mortgage lending rose by 6.2 billion pounds, up from an 5.8 billion increase in July and well above the monthly average rise of 5.4 billion over the previous six months. The BBA said August's mortgage lending number beat the last record set in April 2004 when it increased by 6 billion pounds.
BBA Director of Statistics David Dooks said "The draw-down of house purchase loans in particular has driven net mortgage lending higher of late and August's increase set a new monthly record".
posted by ew at
10:13 AM
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