There were 217, 072 mortgage approvals in March, with a total value of £21.7 billion, showing a 30 per cent increase from February and 15 per cent higher than March 2005.
However, net lending on loans and overdrafts fell by £0.1 billion and credit card lending saw a £0.2 billion decrease.
David Books, BBA director of statistics, said: On the face of it, mortgage lending was strong in March. Whilst partly reflecting the high number of working days in the month, the approvals numbers show that mortgage activity is running at a higher level than at this time last year, although the market is still somewhat short of the heady times of 2004.
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