Thursday, 4 July 2019

Mortgage And Remortgage Approvals Slip During In May


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.

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