Borrower

UK homes hit by credit squeeze

by Staff Reporter•Wednesday, 1 Jul 2009•7 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.

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

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UK homes hit by credit squeeze

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