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Monday, 24 May 2010

Mortgage Lending at its Lowest Level for a Decade

Mortgage lending has fallen to its lowest level in a decade with lending in April falling to £10.3 billionm a 12% fall from March and the lowest April total since 2000. This trend was show in the figures for the first quarter of 2010 where just 112,000 loans were advanced compared with 171,000 in the last quarter of 2009.

High deposit requirements for first-time buyers are being blamed for the low level of advances with an average 24% deposit being put down by first-time buyers. Commentators have warned of a chronic under-supply of credit for many years yet.

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Operating since 1998 and having bought over 3,500 properties, Quick Move is the largest and most respected quick house sale company in the UK. We offer a service for anyone looking to sell their house fast. We will buy your house for cash, often within 7 days, ensuring a quick, secure and efficient house sale. Our service also offers certainty to house sellers - when we commit to buying your home, we will set a completion date to suit your timescales so you have the comfort of knowing that your sale will go through on the date you require.

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