Only 43,870 new mortgages worth £7bn were approved in February of this year, 33% fewer than February of 2007. This is down on the 6 month average of 47,402 (worth 7.4bn), according to the latest report from the British Bankers Association.
And following on from the removal of mortgage deals, 139 further mortgage deals were removed in just a 24 hour period.
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