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Mortgage approvals fall to record low

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  • Mortgage approvals fall to record low

    The number of new mortgage approvals have fallen to their lowest level since records began over 10 years ago. The figures from the British Bankers’ Association established that in December 2007, 42,088 new loans were approved for house purchase - 38% below the level for December 2006.Furthermore, total mortgage advances also declined during the month [...]

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