1 min read

Britain's bank mortgage market is still imploding

BBAdown

If you wanted evidence of the problems in the UK mortgage market, look no further than this chart from the British Bankers Association. Mortgage lending annual growth has just dipped into negative territory for the first time since comparable records began*. Full details on the BBA site.

* Well actually, strictly speaking, the first time it dropped into negative territory was last month, but you can see the trend in the chart above.

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