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October’s 32,000 mortgage approvals a record low

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  • October’s 32,000 mortgage approvals a record low

    Figures released by the Bank of England show that mortgage approvals in October fell by 1,000 to 32,000, from the September figure of 33,000. This record low was despite the cut in interest rates at the beginning of the month.Mortgage lending for new purchases is more than 60% below the level of October 2007, when [...]

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