Total lending to individuals increased by £1.4bn last month, according to Bank of England (BoE) data, against an average monthly increase of £1bn over the previous six months.
The number of loan approvals broadly flat lined at 53,710 last month but remortgaging saw a fillip with 30,313 homeowners remortgaging against a 28,323 average over the previous six months. Residential mortgage lending increased by £0.9bn in April, compared to the average monthly increase of £0.6 bn over the previous six months. The three-month annualised and twelve-month growth rates were 1.1% and 0.7% respectively, reported the central bank. Richard Sexton, director of e.surv chartered surveyors said: "The mortgage market is much stronger than it was six months ago. Lender confid...
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