Loans for house purchase at their highest for nearly two years

The number of loans for house purchase in the UK reached 55,000 in October, its highest level since December 2007, according to new data released by the Council of Mortgage Lenders.

The amount of buyers has risen from a trough in January 2009 when only 23,000 loans were advanced. It is now up nearly 100% from that low point.

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Article by the Council of Mortgage Lenders.
Data sourced from the CML/BankSearch Regulated Mortgage Survey.