The latest statistics from the Bank of England have
revealed that, during May, house purchase mortgage approvals fell back to
65,400 after April's strong numbers. According to the figures, the number of
approvals for remortgaging also dipped in May, to 46,700. Net mortgage
borrowing by households fell to £3.1 billion in May, the smallest increase
since April 2017. However the annual growth rate for mortgage lending remained
stable at 3.2%, and has now been around 3% since late 2016. Read more on the
Property Reporter website.
https://www.propertyreporter.co.uk/finance/mortgage-and-remortgage-approvals-slip-during-in-may.html
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