Remortgages up in October

New Bank of England figures reveal that mortgage approvals have decreased by 74% since October 2007.

Mortgage lending was down to %0.5 billion, much lower than the previous six-month averages of £2.7 billion.

Remortgaging rose in October to 72,000, 1,000 remortgage deals above September’s figures.

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Remortgages up in October

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