The British Bankers’ Association (BBA) has reported that mortgage lending by its members fell 18% in March, compared with February.In all, 35,417 new mortgages were approved for house purchases, a 46.2% drop on March 2007.The gross value of all mortgage lending during the month (including re-mortgages and equity withdrawal) fell 15% on March 2007, to [...]
New purchase mortgage lending falls 46%
