Loans and Finance

Loans and Finance


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Thursday, August 19, 2010

Mortgage Drought Continues

The Council of Mortgage Lenders (CML) report that the total amount of money lent in new mortgages stood at £13.6BN in July.

This represents a fall of 3% when compared with July 2009.

The banks, despite returning to profit, have tightened their mortgage lending criteria.

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