Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

UK mortgage approvals increase

Staff Reporter 1 minute read

The UK housing market is edging closer to recovery with strong November mortgage approvals registered.

The latest figures from the British Bankers' Association (BBA) show that mortgage approvals across the UK continue to rise.

There were 44,713 approvals in November – an increase of over 2,000 compared to October and double the number of mortgages approved at the same time in 2008.

The value of mortgage lending rose to £3.3bn – a big increase in the average of £2.7bn over the previous six months.

"In the housing sector, prices have continued to edge up and approvals for house purchase are now back at a similar level to that of two years ago,” said BBA statistics director, David Dooks.

“Re-mortgaging activity continues to run at a low level as borrowers revert to low standard variable rates or trackers from maturing fixed rate loans.”

UK mortgage approvals increase
default
TheAdviser logo

If you’re feeling overworked and overwhelmed in this fast-paced mortgage market, it’s time to make some changes, and the Business Accelerator Program can help! Early bird tickets are on sale now. Work smarter, not harder, this year.

default

 

more from the adviser
uptick graph Non-majors and non-banks continue to dominate: Broker Pulse

A greater proportion of brokers are sending their clients to non-...

construction equipment ta Demand for excavators up 191% YOY: CBA

The major bank’s data has revealed a jump in asset finance grow...

mortgage money house Hot Property: The biggest property headlines from the week 7-11 June

The weekly round-up of the biggest news stories from across Momen...