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Uk Mortgage Approvals At Three-Year High

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More mortgages are being approved than at any time in the past three and a half years, according to the latest figures from the Bank of England.

Some 58,242 home loans were approved in May 2013, up from 54,354 in April.

The figure is the highest since December 2009, and will be seen as further evidence of a recovery in the housing market.

But the amount of money being lent to businesses is continuing to fall.

How exciting, mortgage approvals up.

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How exciting, mortgage approvals up.

I know several people buying (and selling too in some cases) at the moment, all are having problems with delayed transactions due to other parties mortgage co finding issues (with others in the chain) when the detail is looked at putting the hand brake on everything. Estate/Probate sales seem to enable many working chains at the moment.

6 months between putting in an offer and getting the keys is no uncommon in London at the moment.

There is a noticeable difference between approvals and lending data according to the BoE (with a suitable time lag).

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five and a half year high now..........


Next month's will probably blow this one out of the water too.

Huzzah, normailty returns..SMI no longer needed, HTB1 and 2 no longer needed., Local Authority help no longer needed....oh...wait a minute!

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supposedly, cash purchases now make up 35% of all sales vs 10% in 2007.

if thats the case then houses sales maybe topping 100,000 a month and is picking up.

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