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.