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The Independent UK
The Independent UK
Business
Vicky Shaw

Jump in mortgage approvals in August is ‘calm before the storm’

PA Archive

The number of home-buyer mortgage approvals increased sharply in August, to the highest level since January, according to the Bank of England.

But experts said the jump in loan approvals is likely to reflect people trying to lock into mortgage deals amid expectations of rising interest rates, rather than being evidence of a strengthening in demand.

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