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Slump in UK mortgage lending
Mar 30, 2010UK mortgage loans fell to a nine-month low in February — despite a drop in lending rates. Newly approved loans to home buyers fell to 47,094, the lowest number since last May, says the Bank of England. That was despite average rates falling to 3.83%. Total lending rose to £11.5bn [US$17.4bn] as remortgaging picked up.
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Feb 24, 2010
