Mortgage approvals at highest level since 2009

Gareth Fuller/PA Wire

Mortgage approvals surged to 58,610 in January, according to the latest Mortgage Monitor from a firm of chartered surveyors, e.surv. It was the highest level since December 2009.

The figure represents an 11 per cent increase on the 52,939 purchase approvals in December, and a 29 per cent year-on-year increase from January 2011.