Those landlords hoping that the housing market was starting to improve alongside the fine weather may have to face the return of the drizzle, as figures released today show the number of mortgages approved for house purchases by banks fell by 7% in March.
Maybe, as ever, the anticipation of a great summer thanks to a few weeks of blue sky and sunshine might be a little premature. Here comes the rain again.
The British Bankers' Association (BBA) said its members had approved 26,097 loans for house purchases over the month, down from 28,024 in February.
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