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UK: Mortgage lending data reveals sluggish housing market

Posted on 25 October 2012

Britons paid down some £200m of overdrafts and loans last month, the high street banks reported, saying households had “no appetite” for debt.
Unsecured borrowing to consumers – via personal loans, overdrafts and credit cards – dropped 2.5pc over the year to September to £79.3bn in total, according to the latest monthly figures from the British Bankers’ Association (BBA)………………………………………..Full Article: Source


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