WEDNESDAY 4 MARCH 2020Mortgage approvals soar as
buyers hit market in droves
February’s 2.3% price rise makes the average UK property worth £216,092 (Getty)
KATE HUGHES
MONEY EDITOR
Almost 71,000 mortgage applications were approved in January alone, the latest official figures show, as
estate agents herald the best market conditions since the EU referendum.
Mortgage approvals for house purchases easily exceeded the most recent forecasts and were more than 4
per cent higher as 2020 kicked off compared with the 67,000 confirmed in December 2019.
The numbers, part of the Bank of England’s latest money and credit report, are the highest since February
- Approvals for remortgage rose over the same period, up by 3.9 per cent, to 52,100 deals.