UK mortgage approvals purchases bounced back in September after hitting a 19-month low in August, new figures show.
According to the Bank of England, there were 62,932 mortgage approvals in September compared to 60,984 the previous month. However this figure was down 9.6% from a year ago.
The Bank’s Money and Credit report showed that mortgage lending rose from £10.4 billion in August to £11.1 billion in September.
The number of approvals for remortgaging was 42,440, compared to the average of 41,882 over the previous six months.
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