The demand for cheap mortgage deals, which has fuelled rapid growth in house prices, is about to wea...
The demand for cheap mortgage deals, which has fuelled rapid growth in house prices, is about to weaken, according to Britain's biggest lenders, writes the FT. The value of new mortgage approvals for house purchases fell 4.6 per cent in July from the previous month's £7.99bn to £7.62bn, according to figures published yesterday. The drop, revealed by the British Bankers' Association, coincided with a fall in the number of loans approved for house purchase. Policyholders with Equitable Life, the troubled mutual, have renewed their demand for government compensation for losses that...
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