Monthly Archives: October 2014

Mortgage lending falls, says Bank of England

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Below is an interesting item published by Property Industry Eye. Does this mean mortgages are harder to obtain or are there less buyers in the market?

Mortgage lending dipped in September the Bank of England has reported.

The number of approvals for house purchase loans was 61,267, compared with the average of 64,720 over the previous six months, and down from August’s figure of 64,054. House purchase approvals were also at their lowest level for 14 months, and down 8.7% on September a year ago.

Remortgaging approvals also fell in September, as did the number of mortgage approvals for other purposes.

In total, mortgage approvals were down 12.3% when measured year on year.

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