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R>The Funding for Lending Scheme (FLS) is likely to be a key factor influencing short term mortgage market developments in 2013 according to the Council of Mortgage Lenders.
It expects to see a gentle underlying improvement in lending activity over the next two years and in its end of year report says that activity levels in 2012 have been better than expected.
It points out that coming alongside wider improvements in funding conditions since the middle of 2012 the FLS appears to be making an early positive contribution to mortgage pricing and credit availability.
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