New mortgages hit six-year high

%VIRTUAL-SkimlinksPromo%New mortgage borrowing reached a six-year high in April in a reflection of rising housing market activity, high street banks have reported.

Some £12.2 billion-worth of mortgages were taken out last month, which is 52% higher than a year ago and the strongest monthly total seen since August 2008, the British Bankers' Association (BBA) said.