UK Banks Witness Accelerated Mortgage Lending
UK banks’ cumulative net mortgage lending reached £13.8 billion for 11 months to November 2013, 24% higher than the same period in 2012, notes Citi in its recent research report.
Andrew Coombs and team at Citi Research in their recent report titled “UK Banks Big Picture: Winter 2013/14” point out UK housing prices also continued to rise with all regions reporting gains.
UK Banks: Recovery in household lending
The Citi analysts point out that apart from mortgage lending, credit card lending and unsecured lending volumes too . . .
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