Mortgage Approvals At 3 Year High

According to the latest figures from the Bank of England more mortgages are being approved than at any time in the past three and a half years.

In May 58,242 mortgages were approved up from 54,354 in April.

However,  although the Bank of England figures show a significant improvement in the demand for flats and houses, the number of mortgage approvals is still less than half what it was 10 years ago.

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