House purchase lending growth remains steady in second quarter

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New CML data on the characteristics of lending in June show that it remains driven primarily by lending for house purchase, rather than remortgage. Total gross lending in June grew by 6% on the month to £17.9 billion (20% up on June last year), according to the Bank of England. In the quarter, gross lending totalled £51.4 billion – up 11% on the first quarter, and 23% on the second quarter of 2014.

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