Banks approve more mortgages for home buyers in October

Breaking news from the BBC http://news.bbc.co.uk/1/hi/business/8375865.stm

The number of new mortgages approved by the main banks for house purchase grew slightly in October.

Figures from the British Bankers' Association (BBA) show they rose from 42,073 in September to 42,238 last month.

The figures reflect the continued slow increase in activity in the market since the turn of the year.

Other figures from HM Revenue & Customs (HMRC) showed a further rise in house sales in October, to 90,000.

 

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