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British homeowners continue to trim mortgage debt (Guardian Unlimited)

December 31, 2009 by admin · Leave a Comment 

• Survey finds mortgage debt fell by £4.9bn in third quarter • Britons increasingly shun personal loans and credit cards Britons reduced their outstanding mortgage debt by £4.9bn during the third quarter of the year, figures from the Bank of England showed today. The amount of money people unlocked from their homes was negative for the sixth quarter in a row, as the economic downturn, combined …

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British homeowners continue to trim mortgage debt (Guardian Unlimited)