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Screensize: 640 x 480 800 x 600 1024 x 768 1280 x 1024 UserName: Password: Format Mode: Basic  Help  Prompt  Format: Font Andale Mono Arial Arial Black Book Antiqua Century Gothic Comic Sans MS Courier New Georgia Impact Lucida Console Script MT Bold Stencil Tahoma Times New Roman Trebuchet MS Verdana   Size 1 2 3 4 5 6   Color Black Red Yellow Pink Green Orange Purple Blue Beige Brown Teal Navy Maroon LimeGreen Message: * HTML is OFF * Forum Code is ON Smilies [quote][i]Originally posted by BankruptcyNews[/i] [br] Banks see rise in new mortgages British banks approved nearly 205,000 home loans in May, the highest number of new mortgages since last November. The figure is up by nearly 20% from April's figure and 2% higher than the same month last year, the British Bankers' Association (BBA) said. However, the BBA said higher mortgage numbers was due to banks offering better deals than other lenders, rather than a booming housing market. Recent housing market surveys have shown price growth moderating. Both the Halifax and Nationwide house price surveys show that house price inflation has recently steadied at between 10% and 11%, following four rate rises by the Bank of England in the past year. But it appears that banks are still attracting new mortgage customers, either borrowing to fund house purchases or remortgaging. "Mortgage lending strengthened in May, reflecting an improved competitive position, rather than a general rise in mortgage demand across the market," said David Dooks, BBA director of statistics. Last week, the Council of Mortgage Lenders (CML), which represents banks and building societies, said mortgage lending was beginning to slowing. The CML said lending growth was much slower than earlier in the year, when mortgage lending was rising at an annual rate of between 12% and 15%. Source: bbc.co.uk See my Blogs: http://bankruptcynews.blogs.bankruptcyhelp.org.uk [/quote]   Check here to include your profile signature.