Borrowers Locked Out by Fall in Funds

The HeraldFebruary 12, 2011

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Summary


BORROWERS are still being locked out of the property market by a shortage of mortgage funds while the number of loans to buy a home has dropped for the fifth consecutive month, a new report has revealed .

Just 39,900 mortgages were awarded throughout the UK during December, 4% fewer than in November and the lowest level since February last year, according to the Council of Mortgage Lenders.

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Borrowers Locked Out by Fall in Funds

The figure was also 37% lower than ...

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