More Lose Homes As Mortgage Lending Drops; Repossessions Reach a High
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Summary
THE number of home loans given by the major banks dropped sharply last month as court orders for house repossessions rose to their highest level for more than four years.
Loans for house purchases during September, down by almost a third from September last year, were further evidence of a slow- down in the housing market heralded last week by a drop in the overall value of mortgages approved by the banks and building societies.See the full content of this document
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More Lose Homes As Mortgage Lending Drops; Repossessions Reach a High
The lending figures from the British Bankers' Association apply to the UK as a whole, but Scotland is expected to be about two months behind the trend....
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