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UK housing market shows resilience, says CML

The "resilient" UK housing market recorded another increase in mortgage lending in March, according to a lenders' group.

18 April 2014

Gross mortgage lending totalled £15.4bn during the month, up 4% on February and 33% higher than a year earlier, the Council of Mortgage Lenders (CML) said.

But lending in the first quarter of the year, traditionally a quiet period, was down on the previous three months.

Lending was also concentrated on London and the south east of England.

The figures show that total UK mortgage lending in the first three months of the year was £46.3bn. This was 10% down on the last three months of 2013.

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