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Lending by banks is up

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HOUSE purchase mortgage approvals by high street banks last month were 37,278 – up from 36,290 in May.

Although below the 38,300 figure which had been forecast by analysts, total mortgage approvals were 33 per cent higher than last year.

The average approval value for house purchase was £160,100, up from £153,000 a year ago.

Remortgaging approvals decreased slightly, down from 20,670 in May to 20,478.

The figures are from the British Bankers Association.


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