'Momentum' propels 5% jump in mortgage approvals

Lenders approved 5% more mortgages in March than the previous month to reach a monthly total of £7,646m in loans, according to British Bankers' Association figures.

The number of loans secured on dwellings, seasonally adjusted, increased from 56,088 in February to 58,905 in March. The biggest rise was in remortgage approvals, which jumped 12%. By contrast, approvals...

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