Lending falls 49% - CML

March 12, 2010
House purchase loans fell 49% from December to January, reflecting the effect of the stamp duty holiday ending in December, CML has found. In January, CML recorded 32,000 loans to purchase homes, whilst remortgage loans came to 24,000, a more modest 15% drop. But remortgage levels were down from the 45,000 high of a year ago whilst home purchase loans …

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