UK home loans have fallen 90% since the start of the Covid-19 crisis | Money

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The number of new home loans approved in Britain has dropped 90% since the start of the Covid-19 pandemic to its lowest level since at least the early 1990s, said the Bank of England.Threadneedle Street’s monthly update on the state of the real estate market revealed that despite the reopening of real estate agents from mid-May, the number of mortgage approvals fell to 9,300 from 15,900 in April.

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