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UK banks approve most mortgages since 2015

Christian Fernsby |
British banks approved the highest number of mortgages in more than four years in December, industry group UK Finance said on Monday, adding to signs of a turnaround in the country’s housing market since last month’s election.

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Topics: BANK    MORTGAGE    UK   

Mortgage approvals for house purchase hit 46,815 last month on a seasonally adjusted basis, the most since August 2015, according to UK Finance’s data.

The value of mortgage lending rose by the most since March 2016, shortly before voters decided to leave the European Union, up by a net 3.773 billion pounds.

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