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Published on August 7, 2012

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

Disclaimer: This post was published over 13 years ago. While the information was accurate at the time of writing, mortgage products, rates, and regulations may have changed. For up-to-date advice tailored to your circumstances, please contact us.

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.