New mortgages fell to 73,000 in February

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New mortgages fell to 73,000 in February

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04-02-2008, 06:22 PM

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New mortgages fell to 73,000 in February

The Bank of England has reported that the number of new mortgages approved for house purchase fell slightly in February, to 73,000.The figure is at its lowest for 13 years and represents a 39% decline on lending in February 2007. Property inflation and a lack of confidence in the housing market are keeping first-time buyers [...]

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