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UK banks step up pace of mortgage approvals: BBA

Estate agents' signs outside an apartment complex in the Clapham district of London. House prices have started to rise more strongly in recent months.


BRITISH banks approved more mortgages in October than a month before, taking the annual growth rate to the highest since April 2014, while personal lending expanded by the largest amount since March.

Banks approved 45,437 mortgages for house purchase last month, up from 44,