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Gross mortgage lending by building societies and other mutual lenders was £3.0 billion in October, up by 29% compared to the same month last year. Mutuals took a 24% market share of gross lending in October, up from 19% in October 2011. Gross lending in the first ten months of the year was £25.6 billion, up from £19.1 billion in the same period last year.
Commenting on the appointment of Mark Carney as the new Governor of the Bank of England, Adrian Coles, Director-General of the Building Societies Association said:
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