Optimistic findings today from HM Revenue and Customs (HMRC) which show that the number of homes sold are continuing to rise, reports BBC Online. However, it is key to note that this may be down to the usual spring bounce period where sales have tended to increase. 

This complements or (could be attributed to) the increase in the mortgage approvals in the last six months highlighted by the British Bankers’ Association (BBA). The BBA put mortgage approvals up by 15.8% at 31,162 since this time last year. But again the BBA points out the market as still subdued.

According to HMRC 62,000 homes worth over £40,000+ have been sold in May this is up 7% from last month. BBC felt it necessary then to point out the truism that this is nowhere near the levels of the boom in housing.

Critics point out the usual spring bounce findings which occur every year, however, when through stripping out the seasonal factors March saw a 40% leap in property sales from the month before. Perhaps, it can be argued, that green shoots are emerging in the property market. Home loan providers have even begun increasing their cost of fixed rate mortgages in the last couple of weeks in response to higher demand.

Here at 24/7 Moneybox we are devoted to providing you with piece of mind with cash flow problems. Our fast cash loans can be used to sort out any sudden and unexpected problems until a long term solution can be found. What makes 24/7 Moneybox, and its payday loans  stand out from its rivals is the innovative technology that we use, we feel that not only should borrowers just use the internet but also their mobile allowing you to access instant cash, this exciting new technology will soon be with us and it is a thoroughly interesting time to be involved with us. But in the meantime apply today and get instant cash.