bing
Skip to content
Go back

Article Tags:

Please choose from the following:

Mortgage approvals jump to 14-month high

By Wesleyan

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.

Copyright Press Association 2015

More information for personal mortgages.

'WESLEYAN’ is a trading name of the Wesleyan Group of companies.

Wesleyan Assurance Society and Wesleyan Bank Ltd are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Wesleyan Financial Services Ltd, Wesleyan Unit Trust Managers Ltd, Syscap Ltd, Practice Plan Ltd and DPAS Ltd are authorised and regulated by the Financial Conduct Authority.  Advice about investments, insurance and mortgages is provided by Wesleyan Financial Services Ltd.

Click for more information about the Wesleyan group of companies.

© 2017 Wesleyan Assurance Society