The Bank’s Money and Credit report said mortgage approvals for house purchases “rose significantly”, to 52,000 in March from 44,100 in February. However, it said the latest total remains below the monthly average for 2022 of 62,700. Lucian Cook, head of residential research at estate agent Savills, said: “Today’s bounce in mortgage approvals reflects an increasingly stable and competitive mortgage market. Read the experts opinions: https://www.theargus.co.uk/news/national/23500237.spring-bounce-home-buyer-mortgage-approvals-rise-march/

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