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Mortgage lending rose during summer
28/09/2011
According to recent figures the average gross mortgage lending in August rose to £13.4bn. This equalled to a 10% increase compared to the same month on 2010.
These are the latest statistics released by the Council of Mortgage Lenders (CML) and shows that last month was the highest monthly total since July 2009.
But, this is not to say that July was the same. In fact July this year saw a drop of 6% in mortgage lending compared to a year ago.
So, with the fluctuating house prices and mortgages you may be looking for a more stable alternative to releasing or even borrowing further funds on any existing plans. If you are a homeowner aged 55 and over then you could release money from your property with equity release plans.
Contact the right equity release to find out how these plans could help you to help your grandchildren, top up your pension or simply allow you to do what you want; whether that is a holiday, property repairs or a new car.
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