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Barclays mortgage lending drops 6%

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Barclays, the third biggest UK mortgage lender in 2012, lent 6% fewer mortgages year-on-year in 2013 at

The bank lent £18.2bn in gross new lending

To 31 December 2013 UK retail and business banking delivered good results, supported by ‘higher income from its mortgage business.’

Average loan-to-value on buy-to-let lending stood at 56%, against 59% in 2012. The average LTV of new mortgage lending was 64%, a small drop from 65% in 2012.

UK mortgage balances increased to £122.8bn, up from £114.7bn in 2012.

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