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01

U.K. Mortgage Lending Rises at Slowest Pace Since 2012

By Tony Seruga

Housing Market As U.K. Asking Prices Rose An Annual 7.4 Percent in December

A couple look at houses for sale in the window of an estate agents in Chelmsford.

Photographer: Chris Ratcliffe/Bloomberg

Corrects month of previous low in the second paragraph
Mortgage approvals decline to lowest in almost a year

U.K. mortgage lending rose the least in more than three years in April after a surge in the first quarter when investors rushed to complete purchases before a new tax came into effect.

The 281 million-pound rise in net lending was the smallest since August 2012. Monthly mortgage approvals fell to 66,250 from 70,305, the least in almost a year, the Bank of England said in London on Wednesday…

U.K. Mortgage Lending Rises at Slowest Pace Since 2012

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