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Housing market cooling

Series: Financial Times ; 21 September 2000, 4(1)Publication details: 2000Subject(s): Summary: Data reveals the housing market to be slowing. Lending figures from the Council of Mortgage Lenders reveal that gross mortgage lending was unchanged in August at £10.7bn. British Bankers' Association data shows a stronger rise in mortgage lending by £2.2bn in August compared with £1.9bn in August, but says the increase reflects consumers using loans secured against their property , rather than traditional loans, to finance spending.

Data reveals the housing market to be slowing. Lending figures from the Council of Mortgage Lenders reveal that gross mortgage lending was unchanged in August at £10.7bn. British Bankers' Association data shows a stronger rise in mortgage lending by £2.2bn in August compared with £1.9bn in August, but says the increase reflects consumers using loans secured against their property , rather than traditional loans, to finance spending.