Mortgage approvals at 15-month high.
More than 10pc of these mortgages went to buyers with a deposit of 15pc or less.
Cooper Associates comment:-
Despite the continued global economic turmoil, mortgage lending criteria is easing, particularly at higher loan-to-values (LTV’s) which is welcome news for first-time buyers.
Although the statistics released are positive, we remain cautious about the outlook for UK housing, forecasting a subdued market for the foreseeable future.
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