Mortgage approvals are up 26% on the year
Mortgage approvals for house purchases are now 'back to 94% of their pre-pandemic level,' notes Savills, despite fresh Bank of England showing a slight month-on-month dip.
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Industry Reactions: Mortgage approvals hit a two-year high
'The outlook remains a very positive one for the remainder of the year,' comments Stephanie Daley of Foxtons-owned mortgage advisor Alexander Hall.
Mortgage approvals have fallen by 26% in the last year
Mortgage lending has dropped to the lowest level on record, if the period since the onset of the Covid-19 pandemic is excluded.
Property industry reactions: Mortgage approvals declined in July
New Bank of England data illustrates 'the concerns and difficulties facing buyers', comments one prime resi pundit.
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