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Biggest Monthly Rise in UK Mortgage Approvals Since 2009

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Thu 04 Jun 2015

Biggest Monthly Rise in UK Mortgage Approvals Since 2009

The number of homebuyer mortgages approved by high street banks has notched up its biggest monthly rise for more than six years, figures showed on Tuesday, indicating that a home loans price war is encouraging more people to commit to a house purchase.

The Bank of England said a total of 68,076 loans were approved for house purchases in April – the highest monthly figure for 14 months. This was 6,100 more loans than were approved in March, representing a 9.9% rise, and amounting to the largest monthly increase since the start of 2009.

 

http://www.theguardian.com/money/2015/jun/02/biggest-monthly-rise-in-uk-mortgage-approvals-since-2009