Home Loans Lowest for Six Years On Rate Fears

Summary


The number of home loans being approved fell to its lowest level in almost six years in December, figures revealed yesterday.

But the sector was putting a brave face on fears it could be the start of a housing market crash as recent interest rate rises bite.

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Extract


Home Loans Lowest for Six Years On Rate Fears

The British Bankers' Association said that during the month a total of 123,518 mortgages were approved, against 209,669 in November.

The figure is also lowe...

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