Business Advice for all UK firms from starting a business to flotation
Mortgage approvals rise at fastest rate for three years
Mortgage approvals rose by the biggest margin for three years in February, according to official figures releases by the Bank of England.
There were 38,000 approvals in the month, up from 32,000 in January - meaning that this is the biggest month-to-month jump since 2006 and the highest level of mortgage lending since May 2008.
Business owners will hope that the increase in mortgage lending is a sign that low interest rates and falling house prices may be encouraging people back into the market.
"It adds to the glimmer of hope that the UK is nearing a [economic] bottom, or will reach the bottom in the first quarter of this year," said Colin Ellis, economist at Daiwa Securities.
Post Date: March 31st, 2009
There were 38,000 approvals in the month, up from 32,000 in January - meaning that this is the biggest month-to-month jump since 2006 and the highest level of mortgage lending since May 2008.
Business owners will hope that the increase in mortgage lending is a sign that low interest rates and falling house prices may be encouraging people back into the market.
"It adds to the glimmer of hope that the UK is nearing a [economic] bottom, or will reach the bottom in the first quarter of this year," said Colin Ellis, economist at Daiwa Securities.
Post Date: March 31st, 2009
.
.
Accounting Advice | Banking & Finance | Business Continuity | Entrepreneurs | HR/Payroll Advice Insurance Advice | International Trade
Internet Advice I.T. Advice | Legal Advice | Marketing Advice | Office Management | Pensions & Benefits Property/Relocation | Recruitment Advice
Starting a Business | Telecommunications | Training/Education Travel Advice | Utilities Advice | Vehicles
copyright © 1998-2018 Newbusiness.
Homepage | Terms & Conditions | Copyright & Trademarks | Privacy Policy | Sitemail & Forum Policy | Sitemap