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Friday, 18 July 2008

Mortgage Lending Falls Again

Overall mortgage lending rates have fallen again, with June's figures 3% down on May and 32% down on June 2007.

The council of Mortgage Lenders has warned that the tight lending market is likely to continue until the end of the year, wih banks continuing to experience a shortage of funds.

Gross mortgage lending fell to £23.8bn in June.
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