Mortgage borrowing rose slightly in 2010, lenders say

Mortgage lending to house buyers rose slightly in 2010, according to the Council of Mortgage Lenders (CML).

There were 529,300 new loans made to house buyers last year, up 3% from 2009, with their value rising 11% to £77.1bn.

The CML said lending was now "stable but subdued", although it was still at "historically low levels".

Sue Anderson from the CML says she expects 2011 to be broadly similar to 2010.

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