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CORONAVIRUS UPDATE

See the latest Coronavirus statistics from across the world on our world map SEE MAP UK Confirmed cases: 51,608 | UK Deaths: 5,373 | UK Recovered: 135 SEE MAP Italy Confirmed cases: 132,547 | Italy Deaths: 16,523 | Italy Recovered: 22,837 SEE MAP Spain Confirmed cases: 136,675 | Spain Deaths: 13,341 | Spain Recovered: 40,437 SEE MAP See the latest Coronavirus statistics from across the world on our world map SEE MAP UK Confirmed cases: 51,608 | UK Deaths: 5,373 | UK Recovered: 135 SEE MAP Italy Confirmed cases: 132,547 | Italy Deaths: 16,523 | Italy Recovered: 22,837 SEE MAP Spain Confirmed cases: 136,675 | Spain Deaths: 13,341 | Spain Recovered: 40,437 SEE MAP

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TODAY'S OTHER NEWS

Mortgage lending for house purchases hits 18-month high

August saw 69,220 house purchase approvals, up 9.3 per cent on the same month last year and an 18 month high.

On a monthly basis house purchase approvals rose 0.7 per cent - the third consecutive month of growth

The improved data, from a loan monitoring index operated by e.surv chartered surveyors, comes despite growing fears of an interest rate rise. 

“Weak inflation and recovering wages mean that more British workers are able to meet the stringent affordability requirements demanded by MMR and obtain the mortgage they want. This resurgence of demand is pushing up prices” says e.surv’s Richard Sexton. 

“Concerns over an interest-rate rise may have helped push some borrowers into acting quickly. However, this is now the third consecutive month of growth, and home lending has been strong since May, now that the uncertainty that surrounded the election has evaporated. Healthier mortgage lending reflects a stronger UK economy and an upturn in fortunes for British buyers” he says.

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