Increase in UK Mortgage Approvals
New UK mortgage approvals reach highest level in 7 months
29th April 2005
New Bank of England figures show that the number of new mortgage approvals was at a 7 month high in March, with 91,000 new loans - up from 86,000 the month before.
The total value of the mortgages was £7bn, slightly lower than February, which leads some analysts to beleive the housing market has acheived the fabled 'soft landing', with prices stabilising or falling slightly within a healthy market that shows no sign of crashing.
Read More: BBC Report
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