Home loans rise by 4% in April

28 May 2009

New statistics have shown a 4% rise in the number of home loan approvals in April, compared with March.

However, the figures from the British Bankers` Association (BBA) also showed that 15.5% fewer home loans were approved in April 2009 than in the same month last year.

The BBA`s statistics director, David Dooks, said: "The house purchase part of the mortgage market appears to have stabilised, with slightly more approvals coming through, although April`s weak net mortgage lending reflects the lower number of approvals in previous months.

"Households` uncertain financial circumstances not surprisingly continue to dictate consumer behaviour, both in the housing market and in generating only low demand for new personal loans."

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Tags: loan, loans, home, home loans, getting a home loan, approvals, personal loan, personal loans, BBA, British Bankers Association, consumer, mortgage lending, 2009, mortgage 2009, loans 2009

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