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Net mortgage borrowing falls to £4.4bn in April as approvals rise – BoE
Mortgage approvals for house purchases rose to 65,900 in April, above the recent average, while remortgage approvals held steady.

Mortgage approvals for house purchases rose to 65,900 in April, above the recent average, while remortgage approvals held steady.

Net borrowing of mortgage debt by individuals increased to £6.2bn, up from £5.2bn in February.

The latest Money and Credit report showed that net mortgage approvals for house purchases rose to 62,600 in February from 60,200 in January.

Net borrowing of mortgage debt by individuals fell to £4.1bn in January, down from £4.5bn in December and below the previous six-month average of £4.5bn.
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