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Building society lending up in September

Gross advances made by building societies in the month amounted to £2.3bn, increasing from £1.9bn in September, according to the latest Building Societies Association figures.

Net advances also grew, up 55 per cent in October to £487m from £315m the previous month.

Building societies attracted £425m more in new savings last month, up to just over £1bn from £656m in September.

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