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August mortgage lending falls by 63%

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  • August mortgage lending falls by 63%

    According to figures released by the Council of Mortgage Lenders (CML), 42,200 people borrowed money to buy a property in August 2008. This was the lowest figure since the Council began collecting data in 2002.The value of approved mortgages in August was £6bn, 63% lower than 12 months’ ago. The director general at the CML [...]

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