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UK mortgage approvals highest in over a year

UK mortgage approvals rose to 68,076 in April, the highest level since February 2014, data from the Bank of England showed.

Not only is the figure the highest in more than a year, the monthly increase – 61,945 mortgages were approved in March – was the largest since 2009.

The figures remain well below those of a decade ago, but, given that they relate to the month before the general election, they are being viewed as a further sign of a strengthening housing market.

Click here for the full FT article (£)

The Independent, p. 51

 

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