U.K. Mortgage Approvals Fall to Lowest in 10 Months, BBA Says
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U.K. mortgage approvals fell in March to the lowest in 10 months after an increase earlier in the year before the end of a tax holiday on some home purchases, the British Bankers’ Association said.
Lenders granted 31,888 loans to buy homes, down from a revised 32,840 in February, the London-based lobby group said in an e-mailed report today. The average over the previous six months was 34,920.