25/11/2013

Mortgage Lending Takes 'Slight Dip' In October

The number of mortgages agreed in the UK fell slightly in October, according to an industry report.

The British Bankers Association (BBA) report that 42,808 loans were approved by UK banks last month, down by 375 on the number in September.

The figures also show another fall in the number of loans agreed for businesses, a trend described as "disappointing".

Overall, mortgage lending increased across the last twelve months by 33%.

(MH/CD)

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