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Ten years ago, mortgage debt was £577billion and around £905million was being repaid each month. Today, the total outstanding on home loans has leapt to £1.24trillion, while monthly mortgage.
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Mortgage advances continued to be subdued in March, with total lending of £7.75billion, below both February’s figure and the recent six-month average of £7.9billion. Net lending, which strips out.
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But there’s a reasonable amount of owner-occupiers in the building too,’ he said. Jessica Darnbrough from Mortgage Choice told the publication buyers need a substantial deposit to borrow money for.