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Building societies no longer immune to credit squeeze

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  • Building societies no longer immune to credit squeeze

    Last week, the Council of Mortgage Lenders (CML) showed £24 billion worth of mortgages advanced in February, 7% lower compared with the previous month and 6% down on the previous year. Michael Coogan of the CML said problems in the money markets had left its members unable to meet demand, as they effectively ran out [...]

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