Wednesday 25 May 2011

Home loan numbers fall - Mortgages, Money - The Independent

Home loan numbers fall - Mortgages, Money - The Independent

Mortgage approvals for people buying a home and switching to a new deal dropped during April as the long bank holiday weekends and economic uncertainty dented activity in the property market.

The number of mortgages approved for house purchases fell by 6% during the month to stand at 29,355, nearly a fifth lower than in April 2010, according to the British Bankers' Association (BBA).

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