Mortgage approvals hit 4 year high

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Published by Max Salsbury for 24dash.com in Housing and also in Finance

January saw a four year high in the amount of mortgage approvals made, with loans climbing 17 percent to 65,194. Chartered surveyors e.surv's research suggests the sharp rise can be credited to a combination of falling mortgage rates, a wider range of mortgages available to borrowers, and an improvement in lender confidence. The firm's latest Mortgage Monitor reveals mortgage approvals climbed from 55,785 in December 2012 to 65,184 in January 2013, making it the strongest month for house purcha...

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