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Old 12-01-2008, 11:05 PM
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Post October new mortgage approvals fall to record low

Mortgage approvals for house purchases fell during October, having seen a slight rise in September.Figures from the Bank of England show that 32,000 new home loans were approved during the month, despite the 0.5% cut in the base rate at the beginning of October.The decline takes the figure below the level seen in August and [...]

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