Seasonal dip in lending masks strongest January since 2008

House purchase lending recorded its highest January total since 2008, according to new data released today by the Council of Mortgage Lenders

Despite a seasonal monthly fall, house purchase lending increased by 11% compared to January last year. Driving this increase, first-time buyer and home mover activity rose compared to January last year, while remortgage lending was still 23% lower than at the start of 2012

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