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While mortgage lending activity decreased in Q4 2017 when compared with Q3, it is still higher than levels seen prior to Q3.

Bank of England Mortgage Lenders and Administrators Statistics for Q4 2017 found new residential mortgage lending activity decreased in Q4 2017 from the previous quarter. In total £69.1bn of new residential loans were advanced to individuals during the quarter.

This was a 2.5% decrease compared to the previous quarter, however a 10.1% increase from the same quarter last year.

Mortgage activity inches up