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2008 mortgage lending activity reaches 35-year low

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  • 2008 mortgage lending activity reaches 35-year low

    According to figures from the Council of Mortgage Lenders (CML), a severe decline was experienced in mortgage lending activity for 2008.The CML said 516,000 house purchase loans were made in 2008, compared with the 1,017,000 for the 2007 year - a decline of 49% and the lowest level since 1974.In the meantime, there were just [...]

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