New lending is so low that more money was paid off existing - TopicsExpress



          

New lending is so low that more money was paid off existing mortgages than the amount taken out in new mortgages in July. Lending decreased by 3.9pc in July. Loans for house purchase, which account for the majority of lending, declined at an annual rate of 3.1pc, while lending for consumption and other purposes was down by 6.5pc over the year. - See more at: independent.ie/business/personal-finance/customers-shift-money-out-of-savings-to-avoid-bank-fees-30548397.html#sthash.Ato8YvUi.dpuf://independent.ie/business/personal-finance/customers-shift-money-out-of-savings-to-avoid-bank-fees-30548397.html
Posted on: Mon, 01 Sep 2014 13:05:57 +0000

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