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Mortgage approvals fall almost 50%

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  • Mortgage approvals fall almost 50%

    According to figures from the British Bankers Association (BBA), there were just 35,417 new mortgages approved for house purchases last month - 18% lower compared with the previous month.Compared to March 2007, approvals were down 46% - the lowest figure for over a decade. The slump in mortgage lending by the UK’s biggest banks is [...]

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