Mortgage lenders report a fall in approvals

Feb. 21, 2005
Mortgage approvals fell to a six-year low last month, renewing fears of a property slowdown. Figures from the Council of Mortgage Lenders (CML) reveal that loans taken out for home purchases fell 26% to 63,000 compared with December. The number of buy to let landlords unable to meet their mortgage payments also rose in the second half of 2004. CML …

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