Spring bounce for mortgage market

5th June 2015

UK mortgage approvals rose to their highest level for 14 months in April, data shows, but analysts do not expect this to lead to runaway house prices. There was a 10% rise in the number of mortgages approved for house purchases from March to April, the biggest month-on-month increase since 2009. This took the total to 68,706 in April, the Bank of England said, far below a peak of 129,996 in November 2006.

The Times (03/06/2015)