It appears that rising interest rates have had little impact on the UK housing market as the Association of British Bankers have revealed that mortgage lending in July 2007 increased by £13.6 billion. The figure is almost exactly in line with the preceding six-month average of £13.7 billion and represents a slight increase on the June rise of £13.1 billion. The July increase is not what the organisation expected with BBA statistics director David Dooks admitting that the rise was ‘surprising’ following the cumulative affect of the . More »