UK May mortgage approvals hit 11-month low, lending up

British lenders approved the lowest number of mortgages last month since June 2013, in a further sign that tighter mortgage affordability rules introduced in April are dampening activity. The Bank of England said mortgage approvals for house purchase numbered 61,707 in May, down from 62,806 in A…

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UK May mortgage approvals hit 11-month low, lending up

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