Gross mortgage lending hits record levels in 2007

According to the Council of Mortgage Lenders (CML) mortgage lending figures for 2007 were the highest ever, coming in at £ 362 bn (EUR 487 bn), up 5% from the 2006 figures of £ 345 bn (EUR 465 bn) and above CML's October 2007 forecast of £ 360 bn (EUR 485 bn).

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