The number of mortgages approved by lenders is a key barometer of the health of the housing market. Therefore the latest Bank of England data, pulling together all lenders’ data, is good news for all of is. This is because it shows:
A problem in getting a mortgage is the single biggest reason why house sales fall through, so these figures show a lot of buyers ‘good to go’ – very promising for anyone putting their home on the market this spring.
