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Mortgage market slowing down

The Council of Mortgage Lenders says gross mortgage lending slowed down to £25bn in August, 13 per cent lower than in July where it stood at £28.9bn. This is in contrast to last month when lending was up by 3 per cent on the previous month&#39s figure of £28.2bn. Additionally, the Royal Institution of Chartered Surveyors says potential buyers are being more wary although it rules out a market crash. RICS says buyer enquiries in August were down for the fourth month in a row.

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