Bank of England data shows rise in mortgage approvals in April, the first monthly increase since November
Rishi Sunak’s six-month extension of the government’s stamp duty holiday prompted a fresh surge in demand for home loans, according to the latest figures from the Bank of England.
Threadneedle Street data showed that in April – the month after the chancellor’s budget announcement – the number of mortgage approvals climbed from 83,400 to 86,900, the first monthly increase since November.
