Bad Credit Online Magazine - Daily News and Advice on Credit, Debt and Mortgage : UK mortgage lending hits record for January

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February 27, 2006

UK mortgage lending hits record for January

As US real estate and mortgage market activity decreased significantly in January with a record number of unsold homes, UK lenders and banks enjoyed record high January in terms of mortgage origination.
Gross mortgage lending amount stood at £14.5 billion, the highest January figure on record and 25% increase compare with a year ago.

 
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