26 Oct

Mortgage approval numbers remain level

Mortgage approval numbers remain level

There has not been a significant change in the number of mortgages approved for people purchasing houses for sale in the UK, a report has shown.

Yesterday (October 25th 2010), the British Bankers' Association revealed that in September 2010 there were 31,104 new mortgage approvals for potential homebuyers.

This is slightly lower than the number of home loans approved the previous month at 31,781.

The findings also showed that there was only a small reduction in the value of a new mortgage approval over the month, falling from £143,500 in August to £142,900 in September.

Earlier this month, the Council of Mortgage Lenders revealed that home loan lending had shown signs of improvement over the year so far.

Figures demonstrated that there was a three per cent rise in volume of house purchase loans between August 2009 and the same period the following year, as well as a 12 per cent increase in value. ADNFCR-1222-ID-800157857-ADNFCR

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