June 2, 2010 | 
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Bank of England (BoE) released it’s Lending to Individuals statistics today. It’s key UK Housing market indicator, the number of loan approvals for house purchase (also known as Mortgage Approvals) was up in April by 1.7% against March figures.
This means approvals for april where 49,871, however this is still below the siz-month average of 53,098.
Not surprisingly the approvals for remortgaging were lower than in March although in line with the six-month average.
The total lending to individuals rose by £0.4bn but means that the 12 month growth rate is unchanged from 0.8% in March.
For more information visit:
http://www.bankofengland.co.uk/statistics/li/2010/apr/index.htm
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Tags: Bank of England, BoE, Housing Market, loan approvals, Mortgage Approvals | 
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