BoE figures show mortgage approvals to home buyers falls to six month low in March
The Bank of England (BoE) statistical release 4th May 2017… Money and Credit March 2017.
Lending secured on dwellings rose by £3.1 billion in March, similar to the recent average but lower than expected. In year-on-year terms, the increase was the weakest since November 2015.
Mortgage approvals secured on dwellings for house purchase and remortgaging in March both fell slightly to 66,837 and 42,814 respectively, this was the second month in a row that approvals have fallen. Mortgage approvals fell to a six-month low in March according to latest Bank of England figures
The flow of consumer credit was in line with its recent average in March, at £1.6 billion.
Read the BoE statistical release in full click here.