Bank data shows mortgage approvals at early 90s level

April 30, 2008
Latest figures from the Bank of England show that mortgage approvals from homes fell from 72,000 to 64,000 in March – a level comparable to the seen during the early 90s housing market downturn. The value of lending, at £6.9 billion, is the lowest since March 2005 and well below the monthly average of £8 billion seen during the previous …

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