Mortgage approvals in UK at lowest level for 13 months

Bank agreements for homebuyers decline, seen by economists as further sign of British market downturn British banks approved the fewest mortgages for house purchases in more than a year in October, with economists warning the decline could signal the start of a downturn in the UK housing market.Mortgage approvals fell to a 13-month low of 40,488 last month, down from 41,576 in September, according to the industry trade body UK Finance. Continue reading...