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Mortgage approvals remain subdued

by Gill Montia.

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Annual growth in UK banks’ net mortgage lending (gross lending with repayments and redemptions stripped out) stood at 2.2% in April, with gross mortgage lending during the month of £7.9 billion. According to the British Bankers’ Association (BBA), gross lending remained stable compared with the recent six-month average but showed a 5% decline compared with [...]

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