In February, UK mortgage approvals reached their highest since September 2022, with 60,383 approvals.
Mortgage approvals for homebuyers in the UK reached their highest level since September 2022 in February, with 60,383 mortgage approvals recorded. This increase is attributed to the rate war between lenders at the start of the year, as rates started to rise in March. The Bank of England's data showed that banks and building societies approved 60,383 loans for house purchase in February, up from 56,087 in January.
April 02, 2024
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