Loans and Finance

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Tuesday, August 11, 2009

Mortgage Approvals Up 23%

The Council of Mortgage Lenders (CML) report that the number of mortgages for homebuyers granted in June was 45,000, and increase of 23% compared with May.

CML are of the view that the mortgage market had stabilised. However, they correctly caution that this is not the beginning of a new housing boom.

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