Mortgage bids on the decrease
MORTGAGE applications for house purchase were down 20.9 per cent in April, compared with March.
Remortgage applications also fell by 26.7 per cent.
Despite the steep monthly falls, figures for house purchase loan applications were back to where they were a year ago.
According to the latest National Mortgage Index compiled by the Mortgage Advice Bureau and London brokers Coreco Group, mortgage applications in April were just 0.1 per cent down on April 2010.
The average loan size on mortgage applications in April was £124,328 compared to £127,546 in March, a decrease of