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UK homes hit by credit squeeze

By Staff Reporter
01 July 2009 | 1 minute read

UK home loan approvals have been hit by the global credit crisis, achieving the smallest increase in net mortgage lending since records began in 1993.

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Statistics from the Bank of England revealed the country’s banks had granted 43,414 loans in May, against 43,191 in April.

 

UK homes hit by credit squeeze
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