Housing Crisis Fears As Huge Drop in New Loans Revealed

Summary


The whole house-building sector has been hit hard by the recession Picture: Jane Barlow

THE worst fears of the declining mortgage market in the UK were confirmed yesterday when a survey revealed a huge drop in new loans being agreed.

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Housing Crisis Fears As Huge Drop in New Loans Revealed

Figures published by the British Banking Association (BBA) showed there were 43 per cent fewer mortgages issued last month than in January 2008.

Howe...

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