Recently compiled monthly figures show a slight decline in mortgage lending in the United Kingdom that represents the first year-over-year decrease in four years.Gross U.K. mortgage lending in September dropped to £25.4 billion (approximately $46.4 billion) from £25.9 billion (approximately $47.3 billion) a year ago, according to the Council of Mortgage Lenders. CML director general Michael Coogan said the data offer evidence that the U.K. market is slowing as expected. The CML can be found online at http://www.cml.org.uk.

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