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Failed home deals in UK rise with bank limits

BOE slaps mortgage lending curbs after home prices soar to record levels

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Easing: Value gains in London, which led Britain since 2009, slowed sharply in the past six months. - PHOTO: BLOOMBERG

[LONDON] More Britons are pulling the plug on home purchases amid signs that the market's 16-month rally is coming to an end after banks tightened mortgage standards. In August, failed deals rose to 26.4 per cent from 24.4 per cent a year earlier, driven by potential buyers getting cold feet and