Mortgage approvals rise to nine-month high

Posted on Sunday, May 5, 2019

The latest data and analysis from UK Finance has revealed that, during March, mortgage approvals by the main high street banks were up 9.1% against March 2018.

According to the figures, approvals for home purchases were 9.3% higher, remortgage approvals were 11.1% higher and approvals for other secured borrowing were 1.7% higher year-on-year. However, UK Finance was keen to point out that March 2018 was a "particularly subdued" month for total mortgage approvals.

Gross mortgage lending across the residential market in March 2019 was £20 billion, 0.5% lower than the same month in 2018.

Back to News Articles