Mortgage Lending Fell Steeply in October ; in Association with Www.Rbs.Co.Uk

Summary


Mortgage lending dived by nearly 70 per cent in October as the credit crunch continued to stifle the market, figures showed.

Net lending, which strips out redemptions and repayments, reached just pounds 459 million during the month, the second lowest figure recorded by the Bank of

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Mortgage Lending Fell Steeply in October ; in Association with Www.Rbs.Co.Uk

England since it began to collect data in this format in 1993.

The steep slide was blamed on the ong...

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