The Bank of England shows new statistics that are enlightening for the mortgage industry. The number of mortgages approved between May and June of 2009 were up from 44,169 to 47,584, according to their records. This is the highest level they’ve recorded since April of 2008.

June also displayed statistics that proved that remortgages improved as well to 35,011 however the amount of these types of loans was below average for the last six months.

The bank showed that June’s net lending total was 343-million pounds which was barely ahead of May’s figures, which had shown to be the lowest on the record books.

The Council of Mortgage Lenders made comments on the data saying that it was effectively stagnant.

Paul Samter, a CML economist said that this outlook was positive than it was earlier however he said that it was still somewhat sluggish.

He continued by saying, “Overall, these numbers are consistent with our outlook for a gradual improvement from historic lows following the financial system turmoil last year, but for any recovery to be slow and drawn out.”