The latest data and analysis from UK Finance has revealed that, during March, mortgage approvals by the main high street banks were up 9.1% against March 2018.
According to the figures, approvals for home purchases were 9.3% higher, remortgage approvals were 11.1% higher and approvals for other secured borrowing were 1.7% higher year-on-year. However, UK Finance was keen to point out that March 2018 was a "particularly subdued" month for total mortgage approvals.
Gross mortgage lending across the residential market in March 2019 was £20 billion, 0.5% lower than the same month in 2018.
