Mortgage lending heads for £300bn – but the housing market treads water
Trade body UK Finance is forecasting a 4% increase in gross mortgage lending next year, despite a drop in residential transactions.
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Mortgage lending to fall in 2024, predicts UK Finance
'We expect lending to remain weak in 2024, with a gradual improvement in affordability reflected in a modest increase in activity levels in 2025,' says banking industry trade body.
Mortgage lending held steady in December
But new approvals dipped in seasonal fashion.
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