Recent surge in mortgage approvals has now offset Covid decline : BoE

Industry News | 04/01/21

Mortgage purchase approvals increased further to 105,000 in November, up from 98,300 in October to the highest figure seen since August 2007, according to the latest Money & Credit statistics from the Bank of England.

The Bank says the recent strength in approvals has now “almost fully offset the significant weakness earlier in the year”.

Source: Financial Reporter