In September 2013 in the UK more than 50% of mortgages has been granted from a year earlier, and the number of approved loans amounted to 66,735 , which is 14.1% higher than the average for the previous six months. This data is contained in the report of the Bank of England, said ee24.com citing propertywire.com.
Experts attribute the sharp rise in the number of loans with an unprecedented low interest rate, which for the first time since the beginning of the recession does not exceed 4%. The growth of mortgage notes on the background of the exceptional increase in the number of objects in the mortgage market, which has already led to the fact that in September 2013 was filed more requests for mortgages than in all of 2012 .
In September, €1.2 billion mortgage loans was granted, compared to an average of €935 million in the previous six months.