| Mortgage approvals hit 13 month high |
| Tuesday, 23 June 2009 | |
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The number of mortgages approved for house purchase rose to a 13-month high in May as buyers continued to return to the property market.
The British Bankers' Association (BBA) says 31,162 home loans were approved for homebuyers last month, up 7% from April and 15.8% on a year ago. However net mortgage lending dropped to an 8-year low of £2.3bn, down from £2.5bn in April. |