UK Mortgage Approvals at Lowest Since Pandemic as Rate Rises Bite
Nov. 2022: UK's Falling House Prices Create Winners and Losers
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UK mortgage approvals fell to their lowest level in 2 1/2 years as higher borrowing costs took their toll on the property market.
Banks and building societies authorized 35,612 home loans in December, the fewest since May 2020 when the housing market was shut due to the coronavirus pandemic, Bank of England figures published Tuesday show.