No end in sight to mortgage drought - Business News, Business - The Independent
Further falls in house prices are predicted following more weak mortgage lending numbers from the Bank of England. The Bank yesterday reported that mortgage approvals for house purchases fell back to a four-month low of 45,166 in April after having edged slightly higher to 47,145 in March.
The latest figure represents only the most slender of improvements from a recent low of 42,859, recorded in December. Unsecured consumer credit, including credit card balances, rose very slightly.
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