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Gross mortgage lending falls by 19% in May

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  • Gross mortgage lending falls by 19% in May

    Figures from the Council of Mortgage Lenders (CML) show that in the 12 months to May, gross mortgage lending fell by 19%.First-time buyers are struggling to secure loans as lenders tighten their lending criteria and are demanding huge deposits. The CML said the average deposit paid by first-time buyers rose to 13% in April - [...]

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