Hiking Purchase approvals

The overall house purchase approvals rose up to 70,511 in November which is up by 1.3% from 69,630 in last month, shows a research from e.surv. Regardless of the rise, small deposit borrowers are falling on contrary with overall house purchase lending, with 16.3% of approvals granted.

Richard Sexton, director of e.surv chartered surveyors, says:”Mortgages may be available, inflation low and wages rising, but the availability of enough homes for demand is another question. Supply must be looked up if aspiring homeowners are to see a real difference. More prospective home buyers are finding their applications successful as we near winter.”

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