Demand for house purchase mortgages plummets

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Demand for house purchase mortgages plummets

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01-07-2011, 12:34 AM

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Demand for house purchase mortgages plummets

Demand for house purchase mortgages fell “markedly” in the three months to December, lenders have reported, with the trend expected to continue over the current quarter. According to the Bank of England’s latest Credit Conditions Survey, the decline reflected “a recent fall in house prices, a general weakening of sentiment towards the housing market and [...]

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