Mortgage approvals at year high

Mortgage approvals to buy a house have risen to their highest numbers since the start of the year, in further signs that an £80 billion Government scheme to boost lending is having an impact.

There were 33,039 approvals for house purchase worth £5.2 billion in October - the highest number seen since January when the prospect of a stamp duty concession for first-time buyers ending prompted a rush of sales.
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