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Carney stokes the house price boom

His experience as head of Canada’s central bank has surely taught him he needs to keep a lid on booming house prices before they get out of control

The UK housing market scarcely needs any help from Bank of England Governor Mark Carney to recover its stride, to judge by a survey of mortgage loans by estate agent e.surv.

The firm said today that last month was the best July for UK mortgage lending since August 2007 - the peak of the credit boom - with 56,475 approvals granted, a 21% increase compared with a year ago.

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