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The British Bankers' Association (BBA) released the number of mortgage approvals in the U.K. on Tuesday. The number of mortgage approvals increased to 38,751 in March from 37,453 in February, the highest reading since September 2014.
According to the BBA, the increase was driven by the low mortgage rates on offer.
The BBA noted that house purchase approvals were 14% lower than in 2014.
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