Surprise rise in mortgage approvals

Updated
Couple outside estate agent window
Couple outside estate agent window

The number of approvals for new house purchases has defied expectations by rising to its highest point in almost two years, but economists warned of deals becoming more restricted as banks tighten lending conditions.


Loan approvals for house purchase rose to 52,854 in November with a total value of £7.6 billion, the second monthly rise in a row and the highest figure since December 2009, the Bank of England figures showed.

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