Mortgage market pressure growing
Updated on 23 April 2008
New figures show the number of new home loans approved in March was the lowest for a decade.
Pressure on the mortgage market is intensifying, according to the latest figures from Britain's biggest banks.
The number of new home loans approved in March slumped by nearly half, sinking to the lowest total recorded for a decade.
And hopes of an early bail-out from the Bank of England look slim. Today it emerged that two members of the nine person monetary policy committee actually voted against any rate cut in April.
