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Ipswich sees big rise in lending

Ipswich Building Society says its gross mortgage lending jumped to £82.3 million last year from £49.6m in 2001.

Its results to end-November 2002 reveal net lending showed a similar rise to £36.9m from £17.6m. Of total lending 65 per cent was through mortgage intermediaries.

It says savings were also buoyant with net investment receipts up to £10.35m from £7.4m.

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