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 Mortgage lending reaches record £23bn

Figures revealing record mortgage lending last month provide fresh evidence that the housing market has enjoyed a strong start to the year.

The Council of Mortgage Lenders said gross mortgage lending totalled £23bn last month - the highest January figure on record. "House buying has remained robust, reflecting consumer confidence in the market and the expectation that rates will remain stable," said the CML.

The latest survey from the National Association of Estate Agents found that the number of buyers on estate agents' books and the number of sales rose in January.


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