Mortgage lending fluctuates

Posted on 27 April 2009 by Drew

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Mortgage lending by the UK's major banks fell for the first time in four months in March, tempering the talk of housing market recovery.

The number of mortgages approved for house purchases fell to 26,097 in March, down 6.8% from February and 25% lower than a year earlier.  The British Bankers' Association, which produced the figures, said it expected fluctuations during a recession.  And so would we.

Things are not as black and white as they once used to be, they are somewhere firmly in between...you might say there were a shade of grey...charcol?

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