Britain’s housing-market recovery continued into March as mortgage approvals rose for a sixth month, Bank of England figures show.
Contact us today to speak with a specialist Commercial Mortgages Broker to discuss how we can assist you.
Banks and building societies authorized 61,325 home loans, up from 60,497 in February and the most since September 2022. Economists had expected 61,500. Unsecured credit, including credit card debt, rose £1.6 billion, slightly higher than forecast.
Get in touch to discuss your Commercial Finance needs today.
Buyers are being lured back into the housing market by a brighter economic outlook and increased affordability after a sharp fall in mortgages rates since last summer. However, a recent resurgence in borrowing costs has raised questions over whether the recovery can continue.
To read the full article click the link below:
Source: Bloomberg