http://news.bbc.co.uk/1/hi/business/5297672.stm
The strength of the property market has been highlighted by the latest mortgage figures from the Bank of England.
The number of new mortgages approved for house buying, but not yet lent, rose again in July to 120,000 - the highest level since the start of 2006.
Approvals have been rising steadily this year and are up 24% on a year ago.
Meanwhile the amount of money actually lent on new mortgages in July was £9.8bn, the second highest monthly figure on record.
The continued acceleration in the value of mortgage borrowing has helped to drive up the total amount of debt owed by individuals in the UK.
This rose by another £10.9bn in July, pushing the outstanding level of personal debt to £1.24 trillion.
AtW - I think you better hurry up and make that 1st million. Soon it won't be enough for the deposit on a flat in Brum.
The strength of the property market has been highlighted by the latest mortgage figures from the Bank of England.
The number of new mortgages approved for house buying, but not yet lent, rose again in July to 120,000 - the highest level since the start of 2006.
Approvals have been rising steadily this year and are up 24% on a year ago.
Meanwhile the amount of money actually lent on new mortgages in July was £9.8bn, the second highest monthly figure on record.
The continued acceleration in the value of mortgage borrowing has helped to drive up the total amount of debt owed by individuals in the UK.
This rose by another £10.9bn in July, pushing the outstanding level of personal debt to £1.24 trillion.
AtW - I think you better hurry up and make that 1st million. Soon it won't be enough for the deposit on a flat in Brum.
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