Mortgage approvals up
There were 44,713 mortgages approved in November, up 2,161 on the previous month. In addition to this, net mortgage lending rose to £3.3 billion in November – its highest level since February 2009. The figures also show there were 22,360 remortgaging deals approved, down 25% on a year ago and 63% lower than two years ago. Also, the withdrawal of equity from homes was about half the level of 2007.