Monday, October 31, 2011
End To The Revival That Never Was
The number of new mortgages approved for home buyers, but not yet lent, fell in September for the first time in five months. The Bank of England said approvals for home buyers were 50,967 in September, down 1,380 or 4% from August. The figures suggest that this year's modest revival in sales has ended and that mortgage related sales may fall again in the coming months.