Mortgages: Lending drops by over

18th February 2011

So where is the mortgage market going? Nowhere yet apparently; according to the CML last month's lending was the first year-on-year increase since August 2010. 

But it warned against comparisons as many households had brought forward house purchase activity in the closing months of 2009 to take advantage of the stamp duty concession expiring at the end of that year.

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