Mortgage lending in jump of 16%
There was a 16% jump in mortgage lending to people buying a new home during April, further adding to evidence that the housing market is beginning to stabilise.
A total of 35,600 loans were advanced to people for house purchase during the month, the highest level since October last year, according to the Council of Mortgage Lenders.
The upturn builds on a recent run on positive data on the housing market, as buyers are tempted back by record low interest rates and recent house price falls.
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