It's a great time to get a mortgage for a new Larkfleet home

A recent statistical report from the Bank of England notes that the number of mortgage approvals for house purchases was up from 69.012 in September to 69,630 in October.  The report also noted the value of house purchases made in October was £12.2 million.

The increase in the number and total value of loans made for house purchase indicated an uplift in the house market compared with the same period in 2014.

This general revival in lending to individuals was confirmed by the Council for Mortgage Lenders (CML). The organisation reported that mortgage lending is currently enjoying its strongest spell since the financial crisis in 2008 and is nearly a fifth higher than a year ago.

It believes that the pick-up in mortgage lending is becoming more broadly-based, following several months of year-on-year growth in lending to first-time buyers, movers and re-mortgage customers.