Property News · September 26, 2016

Mortgage approvals fall by a fifth, says British Bankers’ Association


Figures from the BBA show that the number of deals approved for house purchases this August was the lowest figure since January 2015The number of homebuyer mortgages approved by UK banks was down by a fifth year-on-year in August, but consumers’ appetite for unsecured borrowing remained strong, latest figures show.Seasonally adjusted data from the British Bankers’ Association shows that 36,997 loans were approved for house purchases during the month, the lowest figure since January 2015 and 21% down on August 2015’s total. Remortgaging numbers also slipped, with 23,940 loans approved for those switching lenders. Continue reading…

Source : theguardian.com
Read more…Mortgage approvals fall by a fifth, says British Bankers’ Association

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