Mortgage approvals down on the average in May
June 30, 2016
The Money and Credit statistical release for May 2016 released yesterday by the Bank of England (BoE) stated the following re Mortage Approvals:
The number of loan approvals for house purchase was 67,042 in May, compared to the average of 70,598 over the previous six months. The number of approvals for remortgaging was 42,919, compared to the average of 41,019 over the previous six months. The number of approvals for other purposes was 12,605, in line with the average over the previous six months.
To read The Money and Credit statistical release May 2016 in full click here
The Governor of the BoE will give a speech today at 16.00hrs.
You May Also Enjoy
Cost of void periods climbs by as much as 53% for landlords
Landlords face growing pressure on profits as the cost of void periods climbs by as much as 53%. The latest research by property management specialist, Rushbrook & Rathbone, has found that the average cost to landlords as a result of void periods between tenancies has climbed by as much as 52.9% across some areas…
Read More 
Lack of Supply Keeps Upward Pressure on Rents
More ‘affordable’ areas see rents rise two times faster than the national average Rents are rising 5% on average in more affordable areas where rents are below £750pcm – over twice the national average of 2.1% Regionally, Carlisle (+9.1%), Kilmarnock (+9%) and Halifax (+6.5%) are among the fastest-rising markets where rents are rising quickly…
Read More 
First-time buyer price hotspots revealed
New analysis from the UK’s largest property platform Rightmove, reveals where first-time buyer prices are rising fastest across Great Britain Bridlington in East Riding of Yorkshire (£167,321) and St Helens in Merseyside (£133,106) lead the way, with average asking prices up 18% compared to last year Falkirk (+17% to £118,327) and Hartlepool (+12% to £104,76)…
Read More 
Summer set to bring seasonal spike in homeseller activity
The latest analysis by Foxtons has revealed that while autumn is traditionally the busiest time of year for the property market, summer is the ideal time for homeowners to get their property ready and listed if they want to take advantage of the heightened buyer activity still to come in 2026. Foxtons analysed government property transaction…
Read More 
World’s Football Stadiums Occupy Incredibly Valuable Real Estate
The latest research from LandSale, the property portal dedicated to land and rural property, has revealed which nations competing at the 2026 FIFA World Cup are sitting on the most valuable home turf, based on current land values surrounding their national stadiums. LandSale analysed the primary home stadium used by each national team and applied…
Read More 
One in five landlords don’t trust letting agents
The latest research by The Letting Partnership has found that almost one in five landlords do not trust letting agents to correctly handle rental income and tenancy deposits, whilst a lack of visibility around compliance standards is preventing many agents from building greater confidence with their clients. The Letting Partnership surveyed 890 landlords across England…
Read More