‘The Bank of England has confirmed a pick-up in the property market by revealing that in November the number of new mortgages approved for home buyers, but not yet lent, rose to 54,036 – the highest November figure for three years.
Approvals hit a low for the year of 44,523 in June, but have been rising steadily since then. This suggests the Bank’s Funding for Lending Scheme (FLS) is encouraging more lending to home buyers.’
Source: BBC News