Mortgage lending drops to new record low

Posted in Financing by Ash on March 12th, 2009 11:16am

Breaking news just out is that the number of mortgage loans issued to people buying a new home in the UK has slumped to a new record low.
Just 23,400 loans were taken out in January – that’s 28% down on December, according to the Council of Mortgage Lenders.
Year-on-year the figure was down 51%. Activity in the housing market is all but drying up.

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