Mortgage product data revealed by Bank
Some 43,414 mortgages were approved for house purchases in May 2009, according to the Bank of England
This figure is up on both April's approval number and the previous average for the last six months.
Meanwhile, remortgaging approvals were said to total 30,984 in May and loans granted for other purposes equated to 27,933 - these numbers were apparently both down when compared with the month before.
Last week, the British Bankers' Association (BBA) said the number of mortgages approved solely by banks reached its highest level for more than a year in May.
The Royal Institution of Chartered Surveyors issued a statement in response to the BBA data, saying it is possible that monthly mortgage approval figures could reach 40,000 by the end of the year.
Although lower than the annual average for 2006, 2007 and 2008, this would be an upturn on recent times.
To book your free initial consultation with mortgages for professionals click here.
This figure is up on both April's approval number and the previous average for the last six months.
Meanwhile, remortgaging approvals were said to total 30,984 in May and loans granted for other purposes equated to 27,933 - these numbers were apparently both down when compared with the month before.
Last week, the British Bankers' Association (BBA) said the number of mortgages approved solely by banks reached its highest level for more than a year in May.
The Royal Institution of Chartered Surveyors issued a statement in response to the BBA data, saying it is possible that monthly mortgage approval figures could reach 40,000 by the end of the year.
Although lower than the annual average for 2006, 2007 and 2008, this would be an upturn on recent times.
To book your free initial consultation with mortgages for professionals click here.
