Posts Tagged ‘housing market’
Banks Announce 4% Rise in Mortgage Appovals
The amount of mortgage approvals in Jan this year has risen by 4% to 39,230 and according to the figures released by the Bank of England, the rise in mortgage approvals might continue going up.
The total value of mortgages approved in Jan came to £4.6 billion which is an increase on the previous month of £900 million, however, this is only a small amount compared to the estimated monthly average of £1.6 billion, or even as large as the increase that was seen in February of £1.5 billion, however, the overall sum of money that had been approved through mortgages in Jan, £4.6 billion, was well over the estimated monthly average.