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UK: Signs of life show in housing market as loan approvals rise

Posted on 30 July 2009

From Independent: Fresh evidence that Britain’s battered housing market is finally on the road to recovery came yesterday with Bank of England figures that showed mortgage approvals for house purchases in June reached 47,584, the highest number since April 2008 and the fifth monthly improvement in a row.

But mortgage lending was a lot lower than expected at £343m – economists had predicted £600m – and total consumer lending was its weakest since the Bank first recorded it in April 1993………Full Article: Source


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