Six-year high in mortgage approvals

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The number of mortgage approvals granted to home buyers by Britain's high street banks lifted to a six-year high in December in a further sign of blossoming consumer confidence.

The British Bankers' Association (BBA) said that across 2013, mortgage borrowing reached its strongest level since 2008, as Government initiatives such as Help to Buy helped to inject more first-time buyers into the market and free up housing chains.