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June mortgage lending suffers biggest slump in 18 months
Jul 30th, 2012
LONDON (Reuters) - Mortgage approvals and lending slumped in June, echoing broader economic weakness that month due to extra public holidays and very wet weather, Bank of England data showed on Monday. Consumer lending, such as credit card borrowing, held up relatively well, but house purchase activity fell to its lowest in one and a half years and headline money supply figures showed their biggest annual drop since records began in 1983. ... (Source: Reuters) -
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