UK Mortgage approvals hit by credit crunch
If there remain any doubts about the impact on Bank lending policies outside US, then these stats from UK should put that debate to rest.
Mortgage approvals hit by credit crunch – Times Online
Only 42,088 mortgages were approved for new buyers by banks in December, lower than at any time since records began in September 1997, figures from the British Bankers’ Association (BBA) showed.
