Mortgage approvals sink to seven-year low
Latest stats from the Bank of England show just 56,200 approvals for house purchases were recorded in March - the fewest since March 2013
Mortgage approvals recover to 2016 levels
Mortgage approvals for house purchase rose to 70,900, the highest since February 2016, according to official data from the Bank of England.
BoE records four-fold increase in mortgage approvals
...but June's total of 40,000 was still 46% below February’s pre-Covid level of 73,700.
Mortgage borrowing falls from a record high, but approvals rise
The Bank of England reports that net mortgage borrowing fell from a record £11.5 billion in March to £3.3 billion in April.
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