Mortgage Approvals Rise To Ten-Year High

There were 95,126 mortgages approved by the main high street banks in July, the highest monthly total since July 2009, according to the latest data from UK Finance. Its figures show that mortgage approvals for home purchase were 16.4% higher, remortgage approvals were 19.4% higher and approvals for other secured borrowing were 12.7% higher than the same month last year. Gross mortgage lending across the residential market was £26.1 billion in July, 2.9% higher than the same month in 2018 and the highest since March 2016. Read more on the Property Reporter website.

https://www.propertyreporter.co.uk/finance/mortgage-approvals-rise-to-ten-year-high.html