Friday, 28 July 2017

Lowest Number Of New Home Mortgages Approved For Nine Months

Banks approved the lowest number of new home mortgages for nine months in June. Banks gave the greenlight to 40,200 house purchases in June, down from 40,287 in May. That is the lowest level for new home mortgage approvals since September - when approvals slumped to 38,893. Gross mortgage borrowing was for June was relatively in line with the previous month at £13 billion, versus £13.2 billion in May, but marked a 6% jump from levels tracked for June 2016. Analysts are now expecting a further slowdown in the housing market, which has already shown signs of cooling.  Read more on the Belfast Telegraph website.

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