Mortgage Lending Increases

Posted 05/08/2009

Mortgage lending approvals are up, lending reached a 14 month height in June.  However lending is still at historically low levels and is still almost half of the level this time last year.

Nevertheless, part of the low level can be accounted for due to the lack of remortgages taking place.  Many homeowners are happy to stick on a low variable rate, rather than remortgage for a better deal.

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