Mortgage approvals fell to their lowest level since the height of the covid pandemic in November according to the latest data from the Bank of England.

While the official numbers from Threadneedle Street showed that the value of actual lending in November only dipped slightly on October’s figures, the figures showed that the number of approvals for lending – a measure of future loans – was at its lowest ebb since June 2020 in the immediate aftermath of the first covid lockdown.

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