Mortgage lending falls 70% in one month

Statistics released by the Bank of England yesterday have revealed that mortgage lending fell by 70 per cent between September and October this year.

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1. Lending to individuals falls by £500m
2. October mortgage lending up 7% in October
3. Mortgage lending rose just £2.9bn in October
4. Net lending at mutuals up £99m in October
5. Buy-to-let lending falls 56% towards end of 2008