Mortgage lending increased by 4% in April to the highest level in more than four years, but the Council of Mortgage Lenders said the average value of new home loans was “still barely half” what it was before the financial crisis.
The CML’s gross lending figures, which reveal the value of loans advanced during the month without taking into account repayments, showed £12.1bn worth of mortgages were taken out during the month, up from £11.6bn in March.
via The Guardian
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