Wednesday 1 June 2011

Bank holiday weekends hit mortgage markets - Mortgages, Money - The Independent

Bank holiday weekends hit mortgage markets - Mortgages, Money - The Independent

Activity in the mortgage market slumped during April as the extended bank holiday weekends distracted people from their moving and remortgaging plans, figures showed today.

The number of mortgages approved for house purchase dropped by 4% during the month to 45,166, the lowest level since December, when the market was hit by bad weather - and the second lowest since March 2009, according to the Bank of England.

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