According to the British Bankers’ Association (BBA), the number of mortgages approved for house purchases rose by 4% in April compared with the previous month, rising from 26,671 to 27,685 approvals. However, compared with April 2008, this represented a fall of 15.5%. Furthermore, net new mortgage lending (which takes into account repayments and redemptions) hit its lowest [...]
BBA: Mortgage lending up in April
