Mortgage approvals highest since last July

Figures from the Bank of England show mortgage approvals for house purchases lifted in January. The figures show some 73,922 mortgage approvals during last month. This is the highest approval number since July 2021, when 75,900 mortgages were given the green light. It also represents the third best January performance in the past decade and is higher than the 12-month pre-pandemic average up to February 2020 of 66,700.

City A.M.