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Wednesday 1 August 2012
According to the Building Societies Association (BSA), this means that lending was 38% higher when compared with the same time last year.
The BSA also recorded a 28% rise in mortgage lending in June 2012. £2.7 billion was documented for June of this year, noticeably higher than the £2.1% recorded in June 2011.
Head of Mortgage Policy at the BSA, Paul Broadhead, commented on houseladder.co.uk that: "Lending by mutuals has grown in each month of 2012 on a year-on-year basis and the June figures for mortgage approvals are above the previous six months' average."
