New U.K. Mortgages Tumble 43%

24 Feb 2009

The number of new home mortgages approved in the U.K. tumbled 43% in January from a year ago, according to British Bankers’ Association.

The number of new home mortgages approved in the U.K. tumbled 43% in January from a year ago, according to British Bankers’ Association. Last month’s figure of 23,376, however, was an increase over the 22,416 in December. It was also reported that only one-third of 91 lenders that ...

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