Increase in lending not yet enough to boost property recovery in UK, experts say

[Nicholas Wallwork]

Property lending levels are at last beginning to increase in*the UK with both the Bank of England and the British Bankers'*Association reporting rising numbers of mortgage approvals.

According to the Bank of England the number of mortgages*approved during July rose to its highest level since April*2008 and represented the sixth consecutive month that*approvals rose. They increased to 50,123 in July compared with*47,891 the previous month.

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[evanproperty]

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