FXstreet.com (Barcelona) - The volume of mortgage approvals has risen in February more than January, net mortgage lending rose again, according to the Brithish Bankers Association.
Mortgage Approvals in UK has risen in February to 43,870 units, more than revised figure of 43,732 in January. Year to yaer, mortgage approvals decreased 33.2%.
Net mortgage lending increased to GBP 5.6 billion in February from the revised data of GBP 5.0 billion in January. Year to year, this index increased 12.8%.
Gross mortgage lending decreased to GBP 17.9 billion in February, from 18.1B in January. Year to Year, this index decreased 2.9% in February from the same month in 2007.