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Building Society lending falls £233m in November

Building society mortgage lending fell by £233m between October and November, according to Building Societies Association figures.


Net advances dropped to £534m in November from £767m in October. When seasonally adjusted, the fall is less significant. Net advances are down £623m in November from £684m in October.


BSA director general Adrian Coles says: &#34It is important not to read too much into a single month&#39s figures, particularly as the recent base rate cuts should help to boost consumer confidence.&#34

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