More than 68,000 home buyers were given a mortgage loan in April, the highest monthly total since February 2014, new official figures show.
The data contained in a report from the Bank of England suggests the property market is beginning to gather pace, following a quiet start to 2015 which has resulted in many lenders cutting their rates to the lowest ever levels.
The new figures show loans worth a total of £11.1 billion were given to 68,076 buyers in April.
During the final quarter of 2014 and the first quarter of this year, an average of little over 60,000 mortgages were approved each month.
The lower rates also seem to have sparked an increase in the number of re-mortgage loans being approved. Just under 36,000 - worth a total of £5.9 billion - were approved in April compared to a monthly average of just over 32,000 during the previous six months.
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