Gross Mortgage Lending To Remain Flat: BBA

07 Jan 2010

The British Bankers Association has speculated that gross mortgage lending is unlikely to grow from its current levels because of a lack of remortgaging activity.

The British Bankers Association has speculated that gross mortgage lending is unlikely to grow from its current levels because of a lack of remortgaging activity. The BBA noted that mortgage activity in November was at an annual rate of 4.7%--well ahead of the 0.8% recorded in October—as housing ...

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