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Clampdown on lending is crippling house sales

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  • Clampdown on lending is crippling house sales

    Property website Rightmove say the banks’ clampdown on lending, particularly to first-time buyers, is having a devastating affect on house sales. Furthermore, a report by the Royal Institution of Chartered Surveyors (Rics) said a collapse in house sales over the next 12 months could cause a reduction in consumer spending by up to 8% and [...]

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