Mortgage approvals for house purchase were broadly stable according to BoE
June 30, 2017
Bank of England (BoE) statistical release yesterday 29th June 2017: Money and Credit – May 2017
Lending to individuals: lending secured on dwellings.
Net lending secured on dwellings was £3.5 billion in May, up from the 12-month low of £2.7bn seen in April.
Mortgage approvals for house purchase were broadly stable at 65,202, while approvals for remortgaging increased slightly to 42,955.
Annual growth in consumer credit remained strong at 10.3% in May, although below its peak in November 2016.
Read the BoE Money and Credit – May 2017 statistical report in full click here.
You May Also Enjoy
Breaking Property News 27/10/26
Daily bite-sized proptech and property news in partnership with Proptech-X. Who controls the infrastructure, data and intelligence that runs inside commercial buildings? By Author Andrew Stanton CEO Proptech-PR Commercial real estate owners have invested heavily in technology to improve building operations, connect tenants and monitor performance. Yet behind the growing number of systems…
Read More 
35% of UK homes are in postcode areas where house prices are falling
House price falls spread to a third of homes as sellers face growing competition for buyers More than a third (35 per cent) of UK homes are in postcode areas where house prices are falling, up from 12 per cent a year ago Price falls are concentrated in London and the South East where 85…
Read More 
Budget wishlist
Kevin Shaw, National Sales Managing Director at LRG With the Budget just days away, the property market is in a slightly better place than it was this time last year. Stamp Duty has been ruled out of this year’s changes, which removes the kind of speculation that held buyers and sellers back last autumn. The…
Read More 
Autumn Budget 2026: Property industry experts comment
Ahead of Wednesday’s Autumn Budget, property industry experts from across the residential sales, lettings, land and property development, mortgage finance and client money protection sectors have shared their predictions, priorities and warnings for the Chancellor. With speculation surrounding property taxation, first-time buyer support, landlord investment, inheritance tax and housebuilding, industry leaders outline what Wednesday’s announcements…
Read More 
5 Renovations That Can Transform a Property Before It Goes on the Market
Ask a vendor what they plan to fix before listing and the answer is often too ambitious. A loft conversion won’t be finished in time, and it rarely pays back on a quick sale. The changes that actually move a listing are smaller and cheaper, and they show up in the photos. Here are five…
Read More 
Seven things to do if a tree damages your property
Storm Austen and Storm Boelo are bringing strong winds and heavy rain across the UK this weekend, meaning homeowners could find themselves dealing with fallen trees, damaged roofs, crushed cars and difficult conversations with neighbours about who should pay. But what should you do if a neighbour’s tree comes crashing through your roof? Will your…
Read More