New Year usher in 17% fall in new mortgage approvals

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New Year usher in 17% fall in new mortgage approvals

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03-01-2010, 09:29 PM

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New Year usher in 17% fall in new mortgage approvals

In a round-up of January mortgage lending, Bank of England figures show approvals for house purchases falling 17%, compared to a month earlier.However, the month-on-month decline takes into account the end of the stamp duty holiday, which resulted in transactions being pushed through in time for December completions, and winter weather conditions that would have [...]

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