Mortgage approvals up 19%

The number of mortgages approved rose significantly in February, according to new figures from the Bank of England.

As The Times reports, 37,937 mortgages were approved for home purchase in February – a jump of some 19% from January`s figure of 31,791. The Bank pointed out that this was the highest figure since May 2008, and far above the six-month average (31,500).

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