Fall in mortgage lending in UK

Mortgage lending remained subdued during February as lenders struggled to meet demand in the face of the credit crunch, figures showed today.

Fall in mortgage lending in UK
Thu, 20 Mar, 2008 - 10:32

Mortgage lending remained subdued during February as lenders struggled to meet demand in the face of the credit crunch, figures showed today.

A total of £24bn (€30.7bn) was advanced during the month, 7% less than in January and 6% below the level for February last year, according to the Council of Mortgage Lenders.

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