Mortgage approvals dip by a quarter

June 28, 2005
Figures from the British Bankers’ Association (BBA) have revealed that the number of mortgage approvals fell last month by almost a quarter compared with a year ago. Approvals rose to 67,702 in May from 67,290 in April, but were down 24% from 89,289 in May last year. In terms of value, mortgage lending was down 17% compared with last year. …

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