Borrowing is getting easier according to the figures released by The British Bankers’ Association
Their report will reveal mortgage approvals rose to 39,000 in March from 35,276 in February.
Most areas are now seeing a rise in prices particularly in the North, North-west, Scotland, Wales and Humberside areas.
Borrowing on the increase everywhere
According to The Nationwide Building Society house prices rose 0.5 per cent month-on-month in April, pushing the year-on-year increase to almost 10 per cent.
Though as with all advise, experts are very cautious exspecially with the possibility of a change in governement. Rightmove said a hung parliament could undermine the boost that normally follows a General Election.
The Express reported “prices have leapt nearly 10 per cent in a year, figures will show this week.
They are being buoyed by a perfect storm of pent-up demand, the seasonal spring rush, low interest rates, more affordable property prices and evidence that the banks are at last lending again”.
2010 so far has seen completed sales up 28 per cent on the first quarter of 2009, when the housing market was at its worst. Will it last?
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