BoE confirms rise in mortgage approvals

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BoE confirms rise in mortgage approvals

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10-30-2008, 02:39 AM

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BoE confirms rise in mortgage approvals

The Bank of England has reported that mortgage approvals for house purchases rose slightly during September, to 33,000, compared to 32,000 a month earlier.The increase is the first recorded by the Bank since June 2007.While mortgage lending for new purchases was still below the six month average (£3.5 billion), it gained ground on August, at [...]

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