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Gross mortgage lending is set to exceed £210bn in 2015, up 3% over the year after 25% growth in 2014. Despite a 5% decline in housing transactions over 2015, gross lending for home purchase is up 2.1% while growth in re-mortgaging has increased by 2.9%.
Housing Market information is crucial to housing development, says Richard Donnell, research and insight director at Hometrack