Tuesday, 30 August 2011

Mortgage approvals up 1.5% to 14-month high but housing market remains 'in deep rut' | Mail Online

Mortgage approvals up 1.5% to 14-month high but housing market remains 'in deep rut' | Mail Online

Mortgages approved for house purchases increased by 1.5 per cent to 49,239 in July, according to new figures released today.

This marks a 14-month high, up from a four-month low in April, the Bank of England said.

However, this represented a slowdown on the previous month, when the rate increased by four per cent.



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