British mortgage lending down 2%

Mortgage lending fell back by 2% during May despite ongoing signs that activity in the housing market is beginning to recover.

British mortgage lending down 2%
Thu, 18 Jun, 2009 - 11:03

Mortgage lending fell back by 2% during May despite ongoing signs that activity in the housing market is beginning to recover.

A total of £10.3bn (€12bn) was advanced during the month, down from £10.5bn (€12.25bn) in April and 58% lower than in May last year, according to the Council of Mortgage Lenders.

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CourtsBusinessHeathrowPlace: HalifaxPerson: Paul SamterOrganisation: Council of Mortgage LendersOrganisation: CMLOrganisation: NationwideOrganisation: National Association of Estate Agents
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