The Council of Mortgage Lenders found gross mortgage lending rose by a monthly 5 pct in November to an estimated 28.5 bln stg. This figure was only surpassed in July 2004.
The housing and mortgage markets have clearly strengthened significantly from the lows of a year ago. There have been upward trends in gross mortgage lending and approvals, and more stable house prices in recent months,' said
CML director general Michael Coogan.
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