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Mortgage lending figures remained stable in December

Mortgage lending in December rose to £8,030m from £7,866m in November according to the Bank of England.


Net lending increased 7 per cent to £2,356m from £2,095m. Approvals were down to £7,673m from £7,793m although actual numbers rose to 83,000 from 82,000.


CML director general Michael Coogan says: &#34The subdued state of the mortgage market reflects the stability we would expect in a low inflation economy which is healthier than the booms and busts seen in the past.&#34


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