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UK mortgage approvals increase after interest rates held at 5.25%

29 Nov 2023

Bank of England figures showed that 47,400 mortgages were approved for house purchases in October.


The number of mortgages approved for home buyers picked up last month after interest rates were held steady and mortgage increases eased.


Bank of England figures showed that 47,400 mortgages were approved for house purchases in October.


The Bank’s monthly Money And Credit report revealed the improvement from the eight-month low of 43,300 recorded in September.

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