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NAEA: RESPONSE TO CML LENDING FIGURES

Following the Council of Mortgage Lenders publication of its mortgage lending figures, Peter Bolton King, chief executive of the National Association of Estate Agents (NAEA) said:

"Mortgage lending rose in December because of a rush of people trying to get onto the housing ladder ahead of the Government's ill-advised removal of the stamp duty holiday.

"The real impact of that decision will be known when the figures for January are revealed. If in January there is a large drop in lending, the Government will find it difficult to justify ending the stamp duty holiday and making it more difficult for people to own property.”

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