Mortgage lending in UK to get ugly in UK in 2011.
Net lending in 2006 was £110 billion.
In 2008 - net lending was still at £40 billion.
In 2009 - net lending was £ 12 billion.
Expectations are that net lending in 2011 will shrink to £6 billion.
I see 2011/12 as tough years for UK Housing.
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