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BSA reveals modest slowdown in September mortgage market

The Building Societies Association says there has been a modest slowdown in the mortgage market in September.


Gross mortgage advances amounted to £2,091 million in September compared to £2,167 million in August.


Approvals rose to £2,135 million in September compared to £2,123 million the previous month.


But building societies fared better in the savings market attracting £871 million of savings in September compared to £547 million in August.


BSA director-general Adrian Coles says: &#34The slow down is very modest and on a seasonally adjusted basis, in particular, the market still appears to be fairly stable.&#34

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