New report shows increases in mortgage approvals month-on-month

August 28, 2024 | 9:30 am

mortgage

Over 5 thousand mortgages were approved last month, with 106 first-time buyers drawing down loans every day.

The Banking and Payments Federation’s monthly report shows mortgage approval has increased by 18 point 6 per cent month-on-month.

An increase of 11 point 9 per cent was recorded since this time last year, with movers representing 23 point 2 per cent in the study.

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