Banks continue to lend for house purchase in June

“Banks continue to lend for house purchase but the weak mortgage market is self-evident, although some growth is coming from the buy-to-let sector to meet demand for rental properties.
 
“Personal deposits are growing only slowly as some people may be using savings to pay higher household bills.
 
“Businesses, as has been seen elsewhere, are concerned about the economic outlook and, in weathering difficult trading conditions, they are putting off expansion or investment plans and limiting borrowing.”

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