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Struggling mortgage holders `should seek advice` Remortgage enquiries `rise in June` Mortgage approvals `up in June` UK mortgage market remains weak, CML says Consumers `should avoid lying on mortgage applications` BoE releases Trends in Lending report Brits `prioritising debt repayment` "Sensible lending" needs to be restored for home buying Many households `to miss mortgage payments` Homeowners `increasingly paying off mortgage debt` Booklet produced for those facing mortgage repayment problems Local authority defends decision to offer 100% mortgages Mortgage lending levels `still low` CML welcomes campaign on repossessions Consumers `increasingly offsetting savings against mortgages` Banks `should be encouraged to provide more mortgages` Younger and richer people `benefiting more from mortgage reductions` Bank of England cuts base rate Negative equity `concerning UK mortgage holders` Interest rate cuts `were not anticipated by consumers`

Mortgage approvals `up in June`

30/07/2009

Mortgage lending in June was at its highest level in more than a year, new figures reveal.

Produced by the Bank of England (BoE), the statistics show that mortgage approvals for home purchases totalled 47,584 over the 30-day period.

This was a rise from the 44,169 approvals in May and was the highest level since April last year.

Meanwhile, remortgaging was also up, with a total of 35,011 approvals given in June, compared with 31,874 the previous month.

Responding to the figures, Howard Archer, chief UK and European Economist at IHS Global Insight, said: "It is mortgage approvals that are seen as the key forward looking indicator for housing market activity.

"The BoE data indicates that the ongoing gradual upward trend in housing market activity remains intact."

However, lending activity was still "very low" in June compared with pre-recession levels, he added.

In its latest market commentary, the Council of Mortgage Lenders said that the UK`s mortgage market remains weak.

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