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CML: Slump in mortgage lending continues

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  • CML: Slump in mortgage lending continues

    According to the Council of Mortgage Lenders (CML), the mortgage lending slump continued last month. The CML figures showed that gross mortgage lending rose slightly in July by 5% compared with June, however this is 27% lower compared with July 2007. Commenting on the figures, Bob Pannell of the CML, said while there was a slight increase [...]

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  • #2
    Can agree with this the mortgage market is very slow at the momment, only about 3 months left before we hit the christmas slowdown, which is going to make things even slower.
    http://www.jpfinancial.co.uk/

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    • #3
      Originally posted by Mortgage Broker View Post
      Can agree with this the mortgage market is very slow at the momment, only about 3 months left before we hit the christmas slowdown, which is going to make things even slower.
      Ouch - now that's an interesting point to raise - any potential recovery in the works for Autumn as stillborn until next year.

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