Mortgage lending and new property starts up in UK but experts caution against optimism

[Nicholas Wallwork]

Improved mortgage lending and house building figures have given a boost to*the UK property market, adding to optimism that the sector has stabilised.

The latest figures from the Council of Mortgage Lenders (CML) said that*the total amount of lending rose by 5% in October to an estimated £13.5*billion, but lending is still low compared with a year ago.

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