The British Bankers Association (BBA) said there was fresh evidence of a cooling housing market after reports of mortgage lending slowing further in November.
The UK's leading Banks lent £500m less than in October. This even while the level of mortgage approvals has recovered 4% to almost 45,000 in November, against the record low recorded in October.
BBA figures also showed consumer credit growing at 4.6% in November. Although against this, repayments continue to outstrip new spending. The annual growth figure has dropped from almost 10% to just 4.3% as borrowers find it harder to take out loans.
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