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House price rises have been slowing in the past few months

24 Sep 2014

Figures released from the British Bankers Association (BBA) show that mortgage lending is now just 15% higher year-on-year, and that approvals are just 5% higher year-on-year. Additionally, re-mortgaging and equity release are below the levels of a year ago

Interestingly, the figures show that unsecured lending (personal loans and overdrafts) is now growing after a long period of contraction - the BBA suggests that these tend to expand when people are more confident about their immediate prospects and household finances

See the BBA summary and access the full figures here

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