Pursuits
U.K. Mortgage Approvals Hit 2-Year High on Tax-Holiday Rush
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U.K. mortgage approvals rose to the highest for more than two years in January as first-time buyers rushed to take advantage of a property-tax exemption before it ends next month.
Lenders granted 58,728 loans to buy homes, compared with 55,019 the previous month, the Bank of England said today in London. It was the fourth successive monthly increase and the biggest since June 2009.