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Home Loans Show Spring Recovery - The Times Aug 06

Spring has brought the green shoots of a seasonal recovery in the housing market, mortgage lending figures suggested yesterday, although credit card lending fell to its lowest level for nearly three years.

The British Bankers Association (BBA) said that the number of loans approved for house purchase rose to 47,365 in February from 33,541 the previous month This was the first increase in loan approvals for eight months.