Mortgage Approvals Rise?
Bank of England figures show a rise in number of new mortgages
1st February 2005
New Bank of England figures show a recovery in the mortgage market, with the number of new mortgage approvals up nearly 10% in December.
November saw a near-decade low of 77,000 new loans, but this rose to 83,000 in December - the highest since May 2004.
However, the figures contradict a recent report from the British Banks' Association, which claimed approvals were at a five-year low.
Read More: BBC News
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