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Mutuals&’039 gross mortgage lending up

by admin
29 March 2012
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Gross mortgage lending by building societies and other mutual lenders rose 28% in February 2012, compared to the same month last year, the Building Societies’ Association has reported.

New mortgage approvals were also up 31% on February 2011 and 29% on January 2012, indicating an increased level of consumer activity with mutuals.

Mutuals experienced a retail savings outflow of £87 million in the month compared to an inflow of £359 million in February 2011. This is an improvement on January where the outflow was £1.1 billion.

Adrian Coles, director-general of the Building Societies Association, said: “Gross lending and new mortgage approvals by mutuals continued to rise year-on-year in February

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© 2018 Trek Publishing Limited. Website design by Bedazzled Media Limited.
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  • MORTGAGES
    • Mortgage type
      • Discount mortgages
      • Fixed rates
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      • Interest-only
      • Offset
      • Remortgages
      • Trackers
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    • Conveyancing
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    • Help to Buy
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    • Overseas
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© 2018 Trek Publishing Limited. Website design by Bedazzled Media Limited.
Company Number 11335497. Registered Office: Butterick Building Unit K, 38 New Lane, Havant, P09 2ND

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