Mortgage News Mortgage Lending Rises By 3 6billion 2397
Mortgage lending rises by £3.6billion
23 October 2008 / by Rachel Mason
The number of mortgage approvals for house purchase rose from 21,342 in August to 23,422 in September, an increase of nearly 10 per cent.
Remortgage approvals were up 9 per cent, from 47,260 to 51,523.
But, despite the rises, the number of approvals for house purchase remained low, with the annual growth rate declining from 11.3 per cent to 10.7 per cent.