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Banks expect to lift mortgage supply in 2010 - The Daily Telegraph

The Bank of England's latest credit conditions survey, found that lenders expected a further increase in mortgage availability in the first three months of 2010. It said homeowners looking to borrow more than 75pc of the value of their properties had the greatest choice of mortgage.

The news came as the latest house price data from Nationwide showed house prices are now almost 6pc higher than at the start of 2009. British house prices rose by 0.4pc in December, taking the average house price to £162,103. It was the eighth consecutive monthly rise. House prices have risen by 117pc over the past decade, despite the woes of 2008.