The number of mortgages approved to home buyers fell to the lowest level since January in September, while remortgage approvals slumped to a 24-year low, according to Bank of England figures.
Mortgage Approvals Slump as ‘Autumn Housing Market Pick-Up Fails to Materialise’
Some 43,300 mortgages were approved for house purchase in September, marking the lowest monthly total since January.
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An aerial view shows residential housing in south-east London on Jan. 13, 2023. Daniel Leal/AFP via Getty Images
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