27.11.2008 - U.K. mortgage lending falls by more than half
From Thestar.com: Mortgage lending in Britain has more than halved over the past year, according to the British Banker's Association – further evidence that the economic downturn is dramatically hurting the country's property market. The number of new home mortgages approved in Britain was 52 per cent lower in October than in the same month a year earlier, the industry group said yesterday..... Full Article: Source
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