The number of mortgage approvals made to home buyers jumped to a four-month high in March, according to Bank of England figures. Some 63,531 mortgage approvals for house purchase were recorded in March, marking the highest total since 64,520 approvals in November 2025, the Bank’s Money and Credit report said. The report said the March total was above a monthly average of around 63,200 approvals seen over the previous six months. Approvals for remortgaging, which only capture remortgaging with a different lender, also increased, to 51,300 in March, from 41,200 in February. The figures were released as Nationwide Building Society said the average house price increased by 3.0% annually in April, accelerating from 2.2% annual growth in March. Property values increased by 0.4% on average month-on-month in April, taking the typical UK house price to £278,880 – a new record high in cash terms – according to Nationwide.…