On the same day as one of the most optimistic Rightmove market snapshots of recent months, the latest mortgage monitor from e.surv suggests a small rise in the number of homes loans granted in March compared to last year.
There were 66,174 mortgages were approved during March; that’s 4.0 per cent higher than the same month a year ago and 2.9 per cent up on February, even if e.surv cautions that the purchase and sale of properties continues to be subdued.
It says low rates have created favourable conditions for existing homeowners looking to take out new loans, and first-time buyer activity has increased despite the slowness of the wider market.
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