Gross lending by building societies up 38% year-on-year!

Gross mortgage lending by building societies and other mutuals was up by 38% in the first half of the year compared with 2011.

Gross lending reached £14.1bn in the six months ending June 2012, compared with £10.2bn over the same period in 2011. Lending rose 28% to £2.7bn in June 2012, up from £2.1bn June 2011. Net lending by mutuals reached £2.7bn.