This article by the Express on October 1st, 2013 shows the confirmation from the Bank of England regarding the rise of mortgage approvals as property market strengthens.
Mortgage approvals soared to a five-year high in August as the property market recovery goes from strength to strength, the Bank of England confirmed yesterday.
Lenders approved 62,226 mortgages – up from 60,914 in July and the highest since February 2008.
Remortgages approved also rose to 36,225 – the highest level since February 2011.
Jonathan Hopper, managing director of property search consultants Garrington, said: “The mortgage market is out of the infirmary and running, not walking, back to health.
“The resurgent property market is matching it step for step.
Average prices are on the up in every region for the first time in a long time
“It’s telling that the Nationwide House Price Index is now showing average prices are on the up in every region for the first time in a long time.”
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