November saw a loosening of credit conditions in the mortgage market for the first time in six months, research conducted by e.surv chartered surveyors has revealed.
More mortgages were approved by providers in the month and there were more successful applications at higher loan-to-value tiers. The number of mortgage approvals rose to 48,846 - the highest total since May - compared with 47,185 in October. It is the first time since April that a monthly increase has been recorded.
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