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Mortgage approvals jump to highest level for two years

More money was pumped into the housing market last month than at any point since 2007 as homebuyers stopped waiting around for Brexit and got on with moving house.

Almost £9bn of home purchase mortgages were approved last month as the big high street banks gave the thumbs up to almost 43,000 such loans.

That was the highest value of lending in almost 12 years according to industry group UK Finance, which seasonally adjusts the numbers so trends can be compared month to month.

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