Property lending in UK shows first annual growth for more than two years but levels are still too lo

[Nicholas Wallwork]

Property loans in the UK are increasing significantly but*analysts warn that there is still not enough finance to help a*sustained recovery in the market.

The number of mortgages granted in July rose 16% compared*with the same months in 2008, the first annual growth for more*than two years, according to the latest figures to be*published by the Council of Mortgage Lenders.

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