Drop in mortgage lending since last year - Telegraph
The latest lending figures from the Council of Mortgage Lenders shows the number of mortgages approved for new buyers dropped 12 per cent to during the year to February.
Lenders have continued to demand significant deposits since the beginning of the credit crisis amid fears that home owners will default on their loans.
Some of the lost ground was regained in February after numbers edged up by 8 per cent compared with the previous month following a boost in first-time buyers.
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