Homebuyers may be relieved to learn that the Bank of England’s interest rate hike in November has not affected mortgage costs.
Mortgage approvals bounced back in January as borrowers and banks shrugged off the base rate hike from 0.25% to 0.5%.
Last month 67,478 mortgage applications were approved, the Bank of England said, which is the highest number in six months.
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Including:
Housebuilder reiterates full-year completion and profit guidance
Company says it has had good start to the year in Q1 trading update
A local private investor has snapped up the multi-let office for £6.1m
Agency sees group-wide rises for leasing and capital markets revenue
