Mortgage approvals for house purchase up by a fraction

Mortgage approvals for house purchase were up by a fraction last month, valuations firm e.surv is predicting.

Based on its own business levels, e.surv, part of LSL, is forecasting that in February there were 60,935 approvals, up just 0.2% from January’s figure of 60,786, and up from December’s figure of 60,349.

Last year, e.surv reported on a series of monthly drops from July to November.

The firm is also predicting that there were more mortgage approvals last month to people with low deposits – typically, first-time buyers.

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