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FT Advisor: Mortgage approvals rise for a second month:

Net mortgage approvals for house purchases rose to 50,100 in November 2023, a report from the Bank of England has revealed. The report, Money and Credit - November 2023, said this was an increase on the 47,900 approvals recorded in October.

Additionally, net approvals for remortgaging similarly increased, rising from 24,000 in October to 27,000 in November.

These findings did not come as a surprise to Brooklyns Financial Director, Harps Garcha, as she commented: "This data matches what we saw on the ground.

"We experienced a surge in demand for both purchases and remortgages in November, and this trend continues in December and into the first week of 2024".

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