Summer lift in mortgage lending says CML
By Shaun Adams
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NEWSLETTERUK mortgage lending rose by 6% in August compared with July, although seasonal factors were key to the rise, lenders have said. Gross mortgage lending stood at £13.4bn in August, a 10% increase compared with the same month a year ago, the Council of Mortgage Lenders (CML) said. This was the highest monthly total since July 2009, the CML added. It said fluctuations in recent months reflected seasonal factors and the picture overall was broadly stable. (from BBC news website)