BBA sees flat housing market

Aug. 23, 2011
Gross mortgage lending in the UK remains largely stable, according to the latest data from the British Bankers’ Association. BBA said that the flat market was being driven by continuing weak house purchase and remortgaging approvals. July’s figure of £7.6 billion mirrored that of June whilst annually, gross mortgage lending was down 8%. House purchase approvals in July edged up …

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