Mortgage approvals up by a third

The number of mortgages approved by banks is running at around one third higher than a year ago as the housing market revival continues to gather pace.

Some 37,200 approvals for house purchase worth £5.7 billion got the green light in July, slightly down on a 17-month high of 37,337 the previous month, the British Bankers' Association (BBA) reported.
%VIRTUAL-SkimlinksPromo%