David Plaister confirms mortgage lending for house purchase rises to 14-month high

David Plaister

David Plaister - Credit: Archant

PROPERTY expert David Plaister confirms mortgage lending for house purchase has risen to a 14-month high.

David explains: “There were 68,076 approvals for house purchase mortgage in April, the Bank of England has reported – the most since February last year.

“The “seasonally adjusted” figure – ie, not the actual amount – was up from March’s figure of 61,945, February’s 62,304 and January’s figure of 60,991.

“It is also higher than the average number of loan approvals for house purchase over the previous six months. That figure was 60,679.

“Some analysts have been surprised by the pre-election bounce in lending, with a number having said that the housing market stalled in the run-up to May’s election.

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“The market may have stalled in the capital and other ‘Hotspots’ however, in the provinces the market was more stable pre-election.”

For all of you property related questions please call David Plaister Ltd on 01934 815053.

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