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Mortgage approvals increase in February Mortgage approvals increase in February

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Old 24-03-2009, 04:54 PM
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Default Mortgage approvals increase in February
Mortgage approvals for house purchases rose in February by approx 4000 which is approx 16% up on January's figures and nearly 28% up on December. There was a net rise of £3.9bn in mortgage lending but deposits fell for a second month.

In spite of this monthly increase in net lending, the annual net lending growth rate moved into single figures, it's lowest since 2001. But at least more mortgage loans seem to be being agreed and things are moving in the right direction.
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