 | Mortgage lending in the UK was at a record five-year high at the beginning of this year since 2008 buoyed by an increase in first-time buyers through the Bank of England’s Funding for Lending Scheme (FLS), suggesting that banks are beginning to pump money back into the economy. The start of the year saw 38,300 mortgage approvals in January, which was a 11% increase from the same period in 2011.... Categories: Tags: Real Estate |
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Mortgage lending at five-year high as funding scheme helps first-time buyers
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