As if to provide further support to Nationwide's latest house price figures, the Major British Banki...
As if to provide further support to Nationwide's latest house price figures, the Major British Banking Groups released their own figures through the British Bankers' Association today showing that the pace of remortgaging continued to climb in April.
Gross mortgage lending of £13.7bn in April was the highest figure since November last year, the BBA says.
At 256,000, the number of mortgages approved by MBBGs was only slightly up on the same month last year, but within that figure there was a sharp increase in remortgaging – also noted by Nationwide's own survey.
However, in contrast with Nationwide, the BBA reports that house prices have increased just 4% on average across the UK, compared to the 22.3% annualised rate reported by the mutual lender.
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till