UK property lending slumps in November and set for slow start in 2010

[Nicholas Wallwork]

Mortgage lending in the UK in November was down 10% from October, the first drop since August,*according to the latest data published by the Council of Mortgage Lenders.

Although small seasonal drop is typical, there is some concern that the 10% difference between*£12 billion gross mortgage lending in November and the £13.3 billion in October is more than*usual.

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