| 21.10.2008 - British mortgage lending plunges by 42% |
| From Timesonline.co.uk: The collapse in mortgage lending continued last month as banks further tightened the screws on home loans and would-be buyers shied away from the plunging housing market, new figures confirmed. Total of mortgage lending by banks and building societies last month fell to just £17.7 billion, the lowest monthly figure for more than three and a half years, the Council of Mortgage Lenders (CML) reported..... Full Article: Source |