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Signals in the housing market
In a story in the Guardian today, it emerges that mortgage lenders are making borrowing less attractive in a reverse of the ‘easy, cheap’ credit terms offered in recent years.
In the height of the credit boom, I must have received something like 5 or 6 letters per week asking me to take out another personal loan or credit card. My postman seems happier now because there has been a steady drying up of these letters over the last year or so. My shredder has also seen less action in recent months!
