House purchase lending in August down 3% on July

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New CML data on the characteristics of lending in August show that lending declined slightly compared to July, the first month-on-month drop in house purchase lending volume since February this year.

House purchase lending to home-buyers decreased month-on-month in August totalling 65,400 loans. This was down 3% compared to July with the value of these loans totalling £11.4bn, a fall of 3%. Compared to August 2013, the number of loans increased by 8% and the value of lending by 19%.

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