The British Bankers’ Association (BBA) has reported a 64% annual decline in mortgage approvals for house purchases, in August.In all, 21,086 new home loans were sanctioned during the month, compared with 58,564 in August 2007.The figure is 5% down on July 2008 and at its lowest since BBA records began in 1997.August approvals for remortgaging [...]

More: Approvals for new mortgages plunge 64%