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The Independent UK

Business

Vicky Shaw

‘Worst of pain may not be over’: Mortgage approvals drop nearly 10% month-on-month

Alice Haine Alistair McQueen Economy The Bank of England Housing Market Aviva Bank of England Bestinvest

The number of mortgage approvals made to home buyers fell by nearly 10% between June and July, according to Bank of England figures.

Some 49,444 approvals were recorded in July, down from 54,605 in June, according to the Bank’s Money and Credit report.

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