U.K. Mortgages Paid Off At Record Rate

02 Apr 2009

U.K. homeowners paid off mortgages in the fourth quarter of 2008 at a record rate, according to the Bank of England.

U.K. homeowners paid off mortgages in the fourth quarter of 2008 at a record rate, according to the Bank of England. B of E figures show that borrowers reduced their mortgage debt by £8 billion ($11.79 billion) during the period, making it the third consecutive quarter in which ...

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