uSwitch News: Housing

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Housing market slows down

September 2014 saw a 10% drop in mortgage approvals in comparison to 2013

The housing market is slowly cooling according to the British Banker's Association (BBA), with a 10% fall in approvals for house purchases in September compared to a year ago. The news follows the slowing of mortgage approvals triggered by the introduction of the Mortgage Market Review in earlier in the year. Richard Woolhouse, Chief Economist at the BBA, said: “A year ago there were...

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