Rise in mortgage approvals in April
17 May, 2019
According to e.surv’s Mortgage Monitor, mortgage approvals rose sharply in April with a large majority of loans going to first time buyers. Interestingly, over a quarter of these mortgages went to customers with small deposits, reflecting the fact that lenders are increasingly reaching out to homebuyers.
Overall, the number of approvals was 2.7% higher than in the same period in 2018 and was up 5.5% from March. All this show how competitive today’s mortgage market has become.
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