The U.K. Council of Mortgage Lenders (CML) released data showing that the number of mortgage completions increased slightly in February.

There were 24,300 house purchase loans, compared with 23,400 loans in January — a 4% increase, but still very weak compared with historical averages. Remortgaging showed a steep 20% decline, with only 35,000 remortgage loans compared with 44,000 in January.

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