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Principality annual results announced for 2013 in Wales

Wales' largest building society, the Principality, announced that last year they lent more than a billion pounds in mortgages - an encouraging sign that first-time buyers are getting a bigger slice of the housing market.

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Principality: 10.7% increase in mortgage lending

The building society Principality have announced an increase in mortgage lending of 10.7% in the last year.

First-time buyer lending has also increased, with the society helping over 1,800 first-time buyers across the UK onto the property ladder.

Principality has also grown its Welsh first-time buyer market share to a record high of 12%.

"We have...continued to support the regional economy, opening our 53rd branch on Cwmbran high street, creating a further 58 jobs across the Group and increasing residential lending in Wales by 42%."

– Graeme Yorston, Principality Group Chief Executive

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