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Written by rosalind renshaw

There were 66,735 loan approvals for house purchase in September, the Bank of England has reported.

The figure compares to a monthly average of 58,473 over the previous six months.

Gross lending was £15.6m, the highest level since October 2008, and up from £15bn in August.

Brian Murphy, head of lending at Mortgage Advice Bureau, said: “Mortgage rates are at an historic low, with two-, three- and five-year fixes all below 4% for the first time since the recession hit.

“Combined with a rapidly expanding selection of products – 10,745 options were available during September – we’re left with the perfect conditions to boost consumer confidence.”


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