New Mortgage Approvals Fall As Crunch Bites Hard

Daily PostApril 24, 2008

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Summary


THE number of mortgages approved for people buying a home has dived by 46% over the past year as the credit crunch continues to impact on the market.

Mortgage approvals for house purchases slumped to 35,417 in March, the lowest level since the British Bankers' Association began collecting statistics in 1997.

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New Mortgage Approvals Fall As Crunch Bites Hard

Across the board, jus...

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