Mortgage approvals dipped further in August – BoE

Mortgage lending has dropped to the lowest level on record, if the period since the onset of the Covid-19 pandemic is excluded.

'Not as bad as some we may have feared,' says North London estate agent Jeremy Leaf - but Savills warns that June's lending statistics 'will be more telling given the timeline of turbulence in the mortgage…

But approvals are still running a third below their pre-pandemic average.