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05

U.K. Mortgage Lending Rises Most Since Before Lehman Collapsed

By Tony Seruga

U.K. mortgage lending grew the most since April 2008, months before the collapse of Lehman Brothers Holdings Inc. sparked the global financial crisis.

Lending increased 3.9 billion pounds in November from the previous month, the Bank of England said on Monday. Gross lending of 20.3 billion pounds was the highest since June 2008.

The data showed other signs of a borrowing pickup, with net consumer credit growing 1.5 billion pounds, the most since February 2008. The 70,410 mortgage approvals in November exceeded economists’ forecast for an increase of 69,800…

U.K. Mortgage Lending Rises Most Since Before Lehman Collapsed

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