Mortgage approvals for home buyers in the UK surged to a four-month high in March, Bank of England figures reveal. This coincides with a new record for average house prices across the nation. Some 63,531 mortgage approvals for house purchases were recorded last month, marking the highest total since November 2025, the Bank’s Money and Credit report stated. It surpassed the monthly average of around 63,200 approvals over the previous six months. Approvals for remortgaging, which only capture remortgaging with a different lender, also increased, reaching 51,300 in March from 41,200 in February. The figures emerged as Nationwide Building Society announced the average house price climbed by 3.0 per cent annually in April, accelerating from 2.2 per cent annual growth in March. Property values rose by 0.4 per cent month-on-month in April, taking the typical UK house price to £278,880 – a new record high in cash terms, Nationwide said.…