Mortgage approvals fall
Loan approvals fell by 2.6 per cent to just under 51,000 between August and September – in its first fall since April – figures from the Bank of England showed.
The Bank of England said there had been an easing back in mortgage approvals in September, from a high of high of 52,347 in August to just 50,967 last month.
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Hide AdNet mortgage lending, which includes remortgages, rose by £300 million in September, having increased by £600m the previous month, reflecting a trend towards property owners taking advantage of record low interest rates to pay off some of their debt.