Mortgage Approvals up in April
The nunber of new mortgage approvals rose in April, for the 3rd month in a row. 43,210 new mortgages were approved.Completed sales also rose in March and April, up 35% from February. Experts say that this is the start of a recovery in housing market activity, but doesn't necessairly herald an end to falling house prices.
They also point to the actual availability of funds available for lending still be limited by lenders, with 25% of new mortgage deals requiring a 40% deposit from borrrowers.
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