UK Mortgage Approvals Drop for the Fourth Month, Reflecting Weakness in Housing Sector

UK Mortgage Approvals Drop for the Fourth Month, Reflecting Weakness in Housing Sector As a continuation to the slowdown witnessed by the British economy in the third quarter, mortgage approvals slid for the fourth month to the lowest level in 16 months. Details showed that mortgage loans for the UK's largest six banks slipped to 47,372 in August from the revised 48,346 in July, while the