Lenders reveal slowing mortgage business

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Strong results from Nationwide have contrasted sharply with figures from the Council of Mortgage Lenders, the British Bankers' Association, and the Building Societies Association - and indeed its own forecasts for 2005 - as to the waning strength of the housing market.

Nationwide reported a heady 30% rise in first-half pre-tax profit against the same period to October last year - £244.9m against £188.4m – with net lending at £7.4bn, equivalent to a near 14% marke...

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