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New mortgage lending falls 35%

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02-12-2008, 05:16 PM

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New mortgage lending falls 35%

Latest figures from the Council of Mortgage Lenders show the number of new mortgages granted in December of last year falling to 62,000.The figure represents a 35% decrease on December 2006 and brings the number of new mortgages lent in the fourth-quarter of last year to 225,000, the lowest level for the winter quarter since [...]

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