Mortgage approvals reach six-month high

Bank of England data shows the number of mortgages being granted across the UK hit a six-month high in February.

During the month, 61,760 mortgages were approved – just over a thousand more than in January.

According to The Daily Telegraph, Business, it was the third month in a row that approvals have risen, and the highest figure since August 2014.

The number of approvals, however,  is still well below the recent peak of 75,453 in January 2014.