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Rise in Mortgage Approvals in September 2011

Great news for the property market as there has been a rise in mortgages being approved this September.

According to the BSA which started to record mortgage approval rates in January 2010. In September there where 2.5 billion mortgages approved, compared to the same time last year this is a 33% rise.

September is always a busy time for the conveyancing solicitors because everyone is looking to move before Christmas. Conveyancing Quote Now always try and make sure that we can make this wish come true for our clients.

The rise in approvals is a promising sign but the UK Economy still looks unstable. Hopefully if the European crisis gets resolved then we may see much more growth over the coming months, but many economists think even if the economic crisis gets resolved soon the UK economic forecast for the next four years could show small amounts of growth.