UK mortgage approval hits 12-month high

The number of mortgages approved for people buying a home in the UK rose to a 12-month high during April, but economists warned that house prices still had further to fall.

UK mortgage approval hits 12-month high

The number of mortgages approved for people buying a home in the UK rose to a 12-month high during April, but economists warned that house prices still had further to fall.

The Bank of England said today that 43,201 mortgages for house purchase were approved during the month, the third consecutive increase and the highest figure since April last year.

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