Banks&’039 mortgage lending outstrips total market

The British Bankers’ Association (BBA) has reported that the annual growth of 1.2% in the banks’ net mortgage lending continues to outstrip annual growth of 0.8% across the whole lending market recently.

BBA statistics director, David Dooks said: “Businesses and households continue to be cautious about their finances in the face of difficult economic times and this shows up in an reluctance to take on new credit