Gross mortgage lending was 15% higher in March than in February but 14% lower than March 2004 research reveals.
The latest figures from the British Bankers Association (BBA) reveal that mortgage lending stood at £13.7bn in March with net mortgage lending rising by £4.6bn during the same period. This compared to £4.8bn, net mortgage lending in February and £5.7bn in March 2004. This also continued the trend for the average of £4.5bn in net mortgage lending for the previous sic months although net mortgage lending was 19% below the first quarter lending recorded in 2004. The BBA says there were 188,105 approvals for house purchase in March with a total value of £16.6bn. Loans approved for house purc...
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