Mortgage market 'sees 5% boost'

The number of house purchase loans rose by 5% in July in a further sign of gradual improvement in the mortgage market, lenders have said.

There were 49,500 loans advanced for house purchase in the month worth £7.6 billion, while remortgage loans rose by 3% to 24,100, the latest figures from the Council of Mortgage Lenders (CML) showed.
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