New mortgage approvals down in February

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New mortgage approvals down in February

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03-29-2010, 10:14 PM

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New mortgage approvals down in February

Residential mortgage approvals declined in February, new figures from the Bank of England show.The number of loans sanctioned for house purchases fell by over 1,000, compared to a month earlier, to 47,094.The total was also well below the previous six months average of 55,130 and 21% below the peak seen in November, as the end [...]

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