The total number of mortgage approvals in 2020 rose to
the highest level seen since 2007, according to the latest Money and Credit
statistics from the Bank of England. The data shows that the recent strength in
approvals has more than offset the significant weakness earlier in the year.
House purchase approvals – having troughed at a record low of 9,400 in May –
totalled 818,500 in 2020, the largest number in one year since 2007. In
December, the number of approvals was 103,400. Read more on the Financial
Reporter website.
https://www.financialreporter.co.uk/mortgages/mortgage-approvals-hit-13-year-high-in-2020-boe.html
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