THE scale of the housing market slowdown was highlighted yesterday in figures showing demand for home loans at its lowest for nearly four years.
The British Bankers' Association (BBA) said the number of mortgages approved by its members for house purchase fell 20 per cent last month and by 41 per cent on the same period last year.
The figure of 47,095 was the lowest since January 2001 and comes after a series of interest rate rises helped slow the market.
The BBA said the number of approvals for remortgaging fell 13 per cent on October's figure.
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