The Council of Mortgage Lenders has today confirmed that total mortgage lending during September fell...
The Council of Mortgage Lenders has today confirmed that total mortgage lending during September fell by 13.3% to £14.3bn compared to the previous month. The drop was widely expected given uncertainties following events of 11 September, and the fact it is typically a quiet time of the year on the mortgage front. The rate of the monthly decline, 13.3%, was greater than at the same time last year, when sales of mortgages dropped between August and September by 8.2%. However, re-mortgages held steady at around £4.4bn or just over 30% of the market, indicating sales are not suffer...
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