'Steady rise' in mortgage lending
Mortgage lending by the UK's major banks has returned to levels seen early last year, figures show.The number of approvals for house purchases rose to 31,162 in May, up 15.8% compared with the same month a year ago.
But the British Bankers' Association (BBA) data also shows that borrowing on credit cards has dropped owing to householders' economic uncertainty.
Various lenders have raised the cost of fixed-rate mortgages in recent days.
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