Mortgage approvals dipped further in August – BoE
August saw net mortgage approvals for house purchases fall to the lowest level since February.
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.
Mortgage approvals ticked up slightly in May – BoE data
'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…
Mortgage approvals rise for the first time since August
But approvals are still running a third below their pre-pandemic average.
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