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Underlying net mortgage lending grew by 5.6 billion, compared with December’s increase of 8.7 billion. Annual rise in net mortgage lending now stands at 14 per-cent.

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Over training course of the year, the actual cost of detached properties rose 8.4 per cent, while semi-detached and terraced homes both saw above-average price hikes bba of seven.9 per cent. However, flats and maisonettes saw below-average rises of four.6 per cent each.

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