Pounds 29bn Last Hurrah for the Mortgage Bonanza

Daily MailAugust 20, 2004

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Summary


MORTGAGE lending hit an all-time high last month in what the City believes was a last hurrah for the property boom.

Total lending in July reached Pounds 29.2billion, overtaking the Pounds 28.2billion record set in June.

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Extract


Pounds 29bn Last Hurrah for the Mortgage Bonanza

There was a rise in loans specifically for house purchase, which reached an all-time high of Pounds 14.7billion as 131,000 loans f...

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