While the UK mortgage and lending market has been severely affected by the credit crunch, loans approved in April did manage to rise to £17.8bn against a figure of £15.6bn in March, still below this time last year by 7.7%.
The figures are however, believed to have been buoyed by many re-mortgaging property and changing lenders during April.
In the meantime money paid into personal savings accounts for April rose dramatically from £2.8bn in March, up to £5.8bn.
The British Bankers Association (BBA) says this figure represents a ’strong end to this years ISA season’ and a response to the impressive interest rates available on the high street.
Current savings rates are offering 6.1% on instant access and 7.1% for a one year fixed term account, while the base rate is just 5%.
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