Mortgage approvals jump to highest level for two years

Britain’s housing market shows signs of rebound

Britain’s housing market has shown signs of a rebound after figures revealed banks and building societies approved the largest number of mortgages for more than two years last month.

Trade association UK Finance said lenders approved 42,989 mortgages in April – the most since February 2017 – which was up 6% from 40,564 in March and 11.5% higher than a year earlier, on a seasonally adjusted basis.

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from Property | The Guardian http://bit.ly/2wpZaDq
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