Rise In House Purchase Approvals

24-Mar-2009
Approvals for house purchase were up in February but remain almost a third below last year's levels…

Figures from the British Bankers' Association reveal that gross mortgage lending in February hit its lowest level since September 2001, at just £9.2 billion.

This was down from January 2009's total of 9.7 billion, and a massive 48.4 per cent lower than in February 2008.

However, the number of mortgage approvals for house purchase rose from 24,278 in January to 28,179 in February, although this figure was still 31 per cent lower than February of last year.

BBA: Number of Mortgages Approved

 

BBA: Mortgage Lending & Mortgages Approved

Read the complete British Bankers' Association report

Comments
 
All fields marked * must be completed

More Info
Read About

Subscribe to FindaProperty.com stories:
You can easily subscribe to one or all of the RSS feeds* that FindaProperty.com has on its stories. All stories belong to one of the following categories below, so just click on the one you are interested in to subscribe to that feed.
Close Window
* RSS feeds allow you to see when FindaProperty.com has added new content. You can get the latest news and articles in one place - as soon as they are published - without having to remember to visit the site every day.