UK property lending rose record $17.1bln

LONDON,(Reuters) - Data from the Bank of England on Friday showed bank lending to Britain's property industry rose by a record 8.4 billion pounds ($17.10 billion) in the second quarter, even as property returns slowed and borrowing costs rose. The central bank's quarterly review of UK bank lending showed the total amount of debt secured on commercial real estate rose to 175 billion pounds, or 11.1 percent of all outstanding UK debt -- both records also.