High Street Banking Statistics
August 24, 2016
The BBA published today High Street Banking statistics, the data does not suggest that borrowing patterns have been unduly affected by the Brexit vote.
Net mortgage borrowing and consumer credit annual growth are identical to the figures in June at 3% and 6% respectively.
Mortgage approvals for house purchases were 19% lower in July than a year earlier.
To read the BBA High Street Banking statistics report in full click here
You May Also Enjoy
UK housing market built for couples
As Valentine’s Day approaches, the latest research from Yopa reveals that couples have a significant advantage when it comes to buying a home, as solo buyers who are trying to get a foot on the ladder find themselves nearly £50,000 short of the amount required to secure the average property based on current mortgage lending…
Read More 
Brits continue to chase Spanish sunshine
The latest data insight from Enness Global has revealed that British interest in buying property in Spain continues to strengthen, despite growing political pressure from the Spanish government to restrict overseas buyers and curb foreign investment in the housing market. Enness Global analysed Google search trend data across the UK, tracking search activity related to…
Read More 
Property finance expert reveals the five renovations that could devalue your home
Expert warns that not all home improvements add value Over-personalisation is one of the biggest risks Renovation mistakes could shave THOUSANDS off final sale price Homeowners can spend tens-of-thousands of pounds on renovating their home, but not always make that back on the sale price. In some cases, renovations can seriously reduce a property’s appeal…
Read More 
Urban housing mix forces estate agents to work harder
The latest market analysis from eXp UK has revealed that estate agents operating in more urban, built-up markets are often required to work significantly harder to generate comparable earnings, due to the dominance of flats within city housing stock and the far lower commission secured per sale when compared to detached homes. eXp UK analysed…
Read More 
Property compliance experts urge landlords not to ignore major tenancy changes under Renters’ Rights Act
Beresfords property group highlights key actions landlords must take as new tenancy rules, enforcement powers and energy standards approach. UK landlords are being warned not to overlook major changes to tenancy agreements and compliance requirements, as the Government moves closer to implementing the Renters’ Rights Act 2025. Following the publication of draft secondary legislation, the…
Read More 
Nationwide becoming first lender to allow mortgage deeds to be signed digitally
Mary-Lou Press, President of NAEA Propertymark (National Association of Estate Agents), comments: “The conveyancing process remains one of the most common sources of frustration for buyers and sellers, with more than 30 per cent of housing transactions taking over 17 weeks to complete on average. These prolonged timescales only serve to increase pressure and uncertainty…
Read More