E.surv reports lowest levels of mortgage approvals in 18 months

The number of mortgages approved to buy homes in October (46,507) shrank to the lowest level since May 2009 on a seasonally adjusted basis, down 18% compared to October 2009, and down 2% compared to September 2010 according to e.surv. Remortgage volumes are higher than a year ago (up 7.7%) but remain close to historic […]

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