Wednesday 1 August 2012
Mortgage lending provided by building societies and other mutuals alone climbed by 14.1 billion in the first half of 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."