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UK home loan approvals down 64% in May

July 5th, 2008 by admin

The Bank of England has reported that the number of mortgages approved in May 2008 for house purchase dropped to 42,000, a 64% decrease when compared with May 2007.

The bank said that the number of home loans approved in May is 28% down from 58,000 in April 2008. Read more
Courtesy: www.banking-business-review.com

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