The UK's mortgage market could be recovering after recent statistics revealed that the number of mortgage approvals increased by over 15 per cent last month.
According to the British Bankers' Association, the number of home loan approvals had risen by 15.8 per cent in May.
David Dooks, statistics director of the BBA said: "Steady monthly increases since last November have seen the number of loans approved for house purchase recover to levels seen in early 2008, although gross and net mortgage lending show a subdued wider mortgage picture."
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment