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Home-buyers take out 10% fewer mortgages

Further evidence of the slow-down in the property market has emerged, with fewer people taking out new mortgages to buy a home.

Britain's High Street banks approved 38,505 such loans in September, a drop of 10.1% on the same month last year.

It is the third month in a row that the number of approvals has fallen, and is the lowest total since March.

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BBC News

 

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