Mortgage Lending Rises Sharply
The number of mortgage approvals rose sharply in March, with 31,000 new mortgages granted, up 29% on February. However, this figure is still 33% down on the previous year.HM Revenue and Customs also reported that completed property sales rose by 40$ in February and March.
Depite these incerases, the property market still remains subdued with levels of sales and lending still far lower than last year.
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