Mortgage approvals hit 13-year high

By Joey Gardiner2021-01-04T10:45:00

Loan volume topped 100,000 in November for first time since global financial crisis

Monthly mortgage approvals rose to their highest level in more than 13 years in November, according to the latest data from the Bank of England.

The Bank said that 105,000 mortgages for purchase were approved in the month, the first time the figure has risen above 100,000 since August 2007, before the global financial crisis.

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