UK mortgage levels show yearly surge

Mortgage levels in the United Kingdom have risen once more.

A total of 734,969 home loans were approved during the year, up from 612,654 the previous year.

Mark Harris, the chief executive of mortgage broker SPF Private Clients, told the BBC: “We expect this to continue this year as Help to Buy [government-backed mortgage scheme] gets into its stride and lending appetite remains strong, with most lenders aiming to do more lending than they did last year.”

  • As at February 2014.