Bank of England figures reveal that UK mortgage approvals rose from 52,500 to 53,500 in March. However, mortgage lending dropped over the same period, from £0.9bn to £0.4bn.
Hurrah! Mortgage approvals rise to 53.5k in March. Boo! they're still less than half the pre-crisis level tmblr.co/ZFXaYyjtQDly— Ed Conway (@EdConwaySky) April 30, 2013