Britons reduced their mortgage debt by £9.8 bil-lion in the second quarter of this year as the housing market remained subdued, Bank of England figures showed yesterday.
The study indicates that households are putting more money into the housing market, through mortgage repayments, for example, than they are taking out.
However, the Bank said there was "little sign" households were trying to pay down debt more quickly, and a lack of activity in the housing market and a reduction in re-mortgaging were underlying figures.
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