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According to the Council of Mortgage Lenders (CML)’s latest report, home-owners borrowed £10.6bn for house purchase, down 13% month-on-month and 12% year-on-year. They took out 58,100 loans, down 14% on June and 13% on July 2015.First-time buyers borrowed £4.4bn, down 19% on June and 4% on July last year. This equated to 28,200 loans, down …
Continue reading “CML : Mortgage for house purchases in UK fell in July”
According to the BBA High Street Banking statistics, net mortgage lending in UK continued to rise annually at 3% in July. This figure is identical to the annual increase in June. However, mortgage approvals for house purchases were 19% lower in July than a year earlier. Gross mortgage borrowing of £12.6bn in the month was …
Continue reading “UK mortgage approvals fall in July, says BBA”
