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52% fall in new mortgage approvals in 2008

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  • 52% fall in new mortgage approvals in 2008

    The number of new mortgages for house buyers approved by the UK’s banks fell by 52% in 2008. Industry figures indicate that the number of mortgages approved for house purchase rose in December 2008 from November’s record low. Even so, they are barely half the level they were a year ago.The British Bankers’ Association (BBA) [...]

    More: 52% fall in new mortgage approvals in 2008

  • #2
    This is no surprise at all as the number of mortgages available are a fraction of what they were a year or so ago. On top of this, the difficulty in obtaining a mortgage i.e. having good deposits, credit scores etc mean this shoudl be well expected
    Worldwide Financial Planning is a specialist independent provider of Large mortgages.