Mortgage Approvals In Slight Rise, Says Bank Of England

Date Published 04 January 2011

Approvals for home loans - notably for people remortgaging their properties - picked up slightly in November, Bank of England figures show.

The number of mortgages approved for house purchases stood at 48,019 in November, a marginal rise on the previous month.

Approvals for remortgaging were up by nearly 4,000 on the previous month to 34,262 in November.

Partner at the Didcot Office Matthew Nash commented 'as the level of enquiries seem to have increased especially with First Time buyers after the Christmas period it's an encouraging start to 2011.