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Unsecured lending up most since March 2005

Unsecured lending to consumers rose by its fastest rate in more than 11 years, increasing by 10.8% to £192.2bn in the year to November, Bank of England figures show.

The data include second mortgages, car loans, and borrowing on credit cards.

Mortgage approvals hit an eight-month high of 67,505 in November. Net mortgage lending, meanwhile, rose a below-expectations £3.157bn.

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