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The latest legal storm to hit a Scottish-based banking giant has emerged after a £2m court action was filed against Lloyds bank by a firm claiming it was targeted as part of the UK’s biggest cyber scam.

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Gross mortgage borrowing of £12.4 billion was recorded in the UK for August, up 1 per cent on the same month last year, according to latest figures.

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Glasgow-based firm The Mortgage Lender, which opened for business in the city nine weeks ago, has made its first loan for house purchase since its launch.

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