U.K. house prices surged in November and mortgage lending hit a five-year high in October, two separate surveys found Friday, a day after the Bank of England cut its support for home loans in the U.K. amid anxiety over a surge in prices.
Home sales and prices and have risen sharply for much of 2013, supported by government programs encouraging banks to lend and the construction of new homes.
U.K. high street lender…
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