April Mortgage Approvals Hit New Record

There were more mortgages approved this April than in any April since records began.

The Banking and Payments Federation says almost 4,400 were given the go-ahead - with 55 per cent involving first-time buyers.
The total figure increased by less than 1 per cent on March.
The Federation’s chief executive, Brian Hayes, says there's been a much sharper increase over the past year.