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    Mortgage Lending Increases Despite High Rates

    2 hours ago

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    Mortgage approvals for home purchases rose to 58,200 in June, up from 56,600 in May, according to Bank of England data. Net mortgage borrowing jumped to £7.7 billion, indicating potential economic stability. However, approvals remain below the six-month average. Experts urge for housing market stimulus amid concerns over high interest rates due to geopolitical tensions.
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