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Thursday, March 29, 2012

''Mortgage borrowers face triple whammy, warns Bank of England''

From The Guardian

"Lenders expect to reduce the amount of credit they give to households in the second quarter of the year in a move that economists warn is likely to curb any economic recovery.

As the Bank of England's quarterly credit conditions survey showed that lenders intended to cut credit to households in the next three months, there was also an unexpected fall in mortgage approvals."

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