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February 11th, 2008

(AFX UK Focus) 2008-02-12 10:02 GMT: UK mortgage affordability worsened in Dec, but rate cuts will help in ‘08 - CML (Interactive Investor)

LONDON (Thomson Financial) – The affordability of UK mortgages deteriorated further in December due to the impact of interest rate increases earlier in 2007, but cuts in borrowing costs since then should ease the burden in 2008, the Council of Mortgage Lenders said.

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