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July sees increase in gross mortgage lending

24 August, 2018

New figures out today show that gross mortgage lending increased by 7.6% in July 2018 to £24.6bn, ahead of August’s base rate rise.

According to UK Finance, mortgage approvals by the main high street banks fell by 0.8% year-on-year, although remortgage approvals actually rose by 2.8%.

Peter Tyler, director at UK Finance, says: “July saw steady growth in gross mortgage lending, driven largely by remortgaging as homeowners locked into attractive deals in anticipation of the recent base rate rise.”

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Censeo Limited is an appointed representative of PRIMIS Mortgage Network. PRIMIS Mortgage Network is a trading name of First Complete Ltd which is authorised and regulated by the Financial Conduct Authority for mortgages, protection insurance and general insurance products. Censeo Limited is registered in England and Wales, company registration number 06453977, the Registered Address 11b Newton Court, Pendeford Business Park, Wolverhampton, WV9 5HB.

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