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Mortgage lending bounced back during August after being negative for the first time on record during July, figures showed today.
Net lending, which strips out redemptions and repayments, reached £1.01 billion during the month, the highest level since February, according to the Bank of England.
The rise comes after homeowners repaid £203 million more than was advanced during July, the first time lending has been negative since the Bank of England began collecting data in its current format in 1993.
