Scotland Weathers Downturn Better but Uk Mortgage Loans Fall 46 Per Cent

The ScotsmanAugust 22, 2008

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Summary


THE number of loans for mortgages slumped by more than a third in the second quarter of the year, figures published yesterday revealed.

However, the Scottish mortgage market continues to fare better than the rest of the UK, the data showed.

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Extract


Scotland Weathers Downturn Better but Uk Mortgage Loans Fall 46 Per Cent

According to the Council of Mortgage Lenders (CML), the number of loans for house purchase in Scotland slumped 34 per cent year on yea...

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