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Gross lending up 5% in October, says BBA

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  • 14/01/2002
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The British Bankers Association (BBA) has announced that the Major British Banking Groups' gross mor...

The British Bankers Association (BBA) has announced that the Major British Banking Groups’ gross mortgage lending totalled £10,637m in October, up 8% on September. There were increased numbers of new loans approved in October, with 187,205 loans approved for a total value of £10,805m, 12% by number and 11% by value higher than in September. These increases show some recovery in demand, but not to the levels seen during the summer.


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