U.K. net consumer lending rose at a slower rate in July as mortgage lending remained lackluster, underscoring the view that the housing market will remain subdued for some time. Data from the Bank of England Tuesday showed net lending to individuals in July rose by £258 million ($440.6 million), compared with a downwardly revised increase of £460 million in June.
Jason Philyaw was a reporter with HousingWire through mid-2012.see full bio
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