Mortgage approvals hit a five-year low – UK Finance

The number of both homeowner and buy-to-let mortgages in arrears has fallen compared to last year

95,126 mortgages were approved by the main high street banks in July 2019; the highest monthly total since July 2009

But remortgaging approvals have climbed by nearly the same amount as homeowners look to 'lock-in attractive deals' before rates rise