Mortgage lending fell to a 20 month low in November

The British Bankers' Association has revealed figures showing that mortgage lending dropped in November. Unsecured loans have reduced in number as borrowers become more cautious with their finances. The number of mortgage approvals issued by UK banks fell to its lowest level in almost two years this November, according to statistics revealed by the British Bankers' Association (BBA). Approvals dropped to a 20-month low with 29,991 home loans agreed upon in November.