Mortgage Approvals Fall As Borrowing Weakens

Birmingham PostMay 27, 2006

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Summary


The number of mortgage approvals for home purchases in Britain posted the first annual fall for nine months in April, British Bankers' Association data showed yesterday.

But the figures were distorted by the fact that the late Easter reduced the number of working days in the month to only 18.

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Extract


Mortgage Approvals Fall As Borrowing Weakens

Approvals slumped to 64,683 in April from 85,698 in March. They were down by four per cent on a year ago.

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