Mortgage approvals up 81% in year
The number of mortgages approved by the major banks in August was up 81% from the same month a year ago when the financial crisis was about to hit.
But approvals for house purchases in August dipped slightly compared with July after seven months of month-on-month rises, the figures show.
The British Bankers' Association said that the major banks had been more active than other lenders in recent months.
However, the number of homes being put up for sale was low.
Source: BBC News
