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Growth

UK turns corner on recession path

3 minute read
The Adviser

There are signs of recovery in the UK housing market with July mortgage approvals for the six biggest banks increasing on the previous month.

According to the report, the number of loans granted by institutions rose to 53,400 from 50,200 in June.

However overall mortgage lending in the UK has fallen by 28 per cent in the last year, data from the Council of Mortgage Lenders revealed.

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