• From This is Money:

    The British Bankers’ Association, which represents the major High Street lenders, said that net lending from its members jumped to £2.8bn in August from £1.9bn in July.
    The figure was slightly above the recent six-month average of £2.7bn and 17% higher than in August last year, as demand continued to be boosted by the recovery in the housing market.
    The BBA also released figures on the number of loans issued by banks. Here the improvement on last year was even more marked, with the 38,095 loans issued in August some 81% more than August 2008, and more than double the low of 18,330 reached in November 2008.
    However, the total loans issued in August this year were marginally down on the previous month, reflecting the end of the Summer rush in the property market.
    The number of people remortgaging remained subdued at just 26,124, while those releasing equity from their property or taking out a buy-to-let loan hit a new record low of 17,918.
    David Dooks, BBA statistic…

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    Posted by Jon @ 4:02 am

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